The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ankit Shah
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Ankit Satishkumar Shah, a member of the Promoter Group of Sacheta Metals Ltd, acquired 25,615 equity shares (roughly 0.03% of paid-up capital) through open market on 27.03.2018. His stake moved marginally from 10.14% to 10.14%, a very small increase. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company has a total paid-up equity capital of Rs. 25 crore, divided into 12.5 crore shares of Rs. 2 each, listed on BSE.
This is a token purchase by a promoter group member and signals mild promoter confidence, but the size of the acquisition is too small to materially affect the stock price or the overall promoter holding pattern. Retail investors should view this as a routine regulatory disclosure with no significant bearing on shareholding structure.