The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurav Kumar
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BSE has received a disclosure under Regulation 29(2) of the SEBI Takeover Regulations from Gaurav Kumar, who is likely a promoter or person acting in concert with the company. This regulation mandates reporting of shareholding changes of 2% or more by such persons. The specific nature of the transaction—whether it is an acquisition or disposal, and the exact percentage change—is not detailed in the headline. No transaction value, share count, or post-transaction holding percentage is disclosed in this filing.
This is a routine regulatory disclosure and does not indicate any corporate action. Shareholders should look for the detailed disclosure to understand if the promoter has increased or reduced their stake, which could affect confidence in the company.