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 group of Ramchandra Leasing & Finance Ltd, has disclosed an acquisition of 2,72,500 equity shares (0.33% of paid-up capital) on January 13, 2026. The mode of acquisition is an inter-se transfer carried out under a Share Purchase Agreement dated November 29, 2024, not an open-market purchase. After the transaction, his holding in the company rises from 2,17,82,481 shares (26.84%) to 2,20,54,981 shares (27.17%). No encumbrance (pledge/lien) was created or invoked, and the total share capital of the company remains unchanged at 8,11,62,000 shares.
This is a minor promoter-level reshuffle (inter-se transfer between promoter-group entities/individuals) rather than new buying from the market, so it does not change the overall promoter group economic interest materially. Shareholders need not worry about any change in control or fresh dilution; the stock price is unlikely to react meaningfully to this disclosure.