The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satishkumar Shah
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Satishkumar Shah, a promoter of Sacheta Metals Ltd, acquired 34,653 equity shares (0.03% stake) through the open market on 02 August 2016. His holding increased from 26,329,416 shares (21.06%) to 26,367,369 shares (21.09%) of the company. The disclosure was filed under Regulation 29(2) of SEBI's Takeover Regulations, which requires promoters to report incremental stake changes. The total equity capital of the company remains Rs. 25 crore, divided into 12.50 crore shares of Rs. 2 each.
This is a very small promoter purchase (0.03%) and is unlikely to move the stock price meaningfully. It signals continued promoter confidence but does not indicate any major strategic change, as the overall promoter holding remains well below the 25% creeping acquisition threshold.