The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Niranjan Shah
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Niranjan Shah, a member of the promoter group of Renaissance Global Ltd, has disclosed an open market purchase of 10,865 equity shares on September 15, 2025, under Regulation 29(1) of SEBI Takeover Regulations, 2011. Prior to the acquisition, his holding (along with Persons Acting in Concert) stood at 1,500 shares (0.00% of paid-up capital), and post-acquisition it has risen to 12,365 shares (0.01%). The company's total equity share capital remains unchanged at Rs. 21.45 crore, comprising 10,72,87,971 shares of Rs. 2 each. This is a routine disclosure notifying the exchanges of a minor increase in promoter shareholding.
This is a small, confidence-building open market buy by a promoter, but the absolute size (just 10,865 shares, 0.01%) is too tiny to materially influence the stock price. Retail investors should view it as a positive signal of promoter faith rather than a meaningful stake change.