The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Akhil Mittal
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Akhil Mittal, who belongs to the promoter/promoter group of Ramchandra Leasing & Finance Ltd, has acquired 2,35,000 equity shares (0.29% of paid-up capital) of the company through an inter-se transfer on January 19, 2026. This transaction was carried out in compliance with a Share Purchase Agreement dated November 29, 2024. Prior to the acquisition, Akhil Mittal held 2,20,54,981 shares (27.17%), and after the acquisition his holding stands at 2,22,89,981 shares (27.46%). The total equity share capital of the company remains unchanged at 8,11,62,000 shares. No encumbrance (pledge) was created or invoked as part of this transaction.
This is a minor promoter-group share reshuffle (inter-se transfer) that slightly increases the named acquirer's stake from 27.17% to 27.46%. There is no change in overall promoter group ownership or dilution of minority shareholders, so the impact on the stock price is expected to be neutral.