The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pranav Satishkumar Shah
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Pranav Satishkumar Shah, part of the promoter group of Sacheta Metals Ltd, acquired 20,000 equity shares in the company through the open market. This is a small incremental purchase, raising his holding from 1,11,61,515 shares (8.93%) to 1,11,81,515 shares (8.95%) of the total equity share capital. The company's total equity capital stands at Rs. 25 crore divided into 12.5 crore equity shares of Rs. 2 each. The disclosure has been filed under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, indicating the acquirer's intent to gradually build stake in the company.
The increase in promoter's stake is marginal (just 0.02%) and signals continued promoter confidence in the company, though the purchase size is too small to materially move the stock price. Investors may view this as a positive sentiment indicator from the promoter group.