The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ved Prakash Agarwal
PPL · price
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On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 0.5 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Ved Prakash Agarwal, a member of the promoter group of Prakash Pipes Ltd, purchased 22,000 equity shares from the open market on NSE on 23rd March 2026. Before the acquisition, he held 45,48,083 shares (19.015%), and after the purchase, his holding rose to 45,70,083 shares (19.107%) — an increase of about 0.092%. The shares were acquired in cash through a regular market purchase, and the company's total equity share capital remains unchanged at ₹23.92 crore (2.39 crore shares of ₹10 each). The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, to report the change in shareholding.
This is a small, incremental promoter purchase that signals continued insider confidence in the company, though the size of the acquisition is too small to materially impact the stock price. Shareholders may view it as a mildly positive gesture of promoter faith, but the overall promoter stake remains at a modest ~19%, well below the 50% mark.