The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ankit Satishkumar Shah
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Ankit Satishkumar Shah, a member of the promoter group of Sacheta Metals Ltd, purchased 35,000 equity shares (0.03% of total capital) through the open market. Prior to this acquisition, he held 1,85,84,965 shares representing 10.04% of the company's share capital, and after the purchase his holding stands at approximately 10.04–10.07%. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011, which mandates reporting when holdings cross certain percentage thresholds. The company's total equity share capital remains Rs. 25 crore, divided into 12.5 crore equity shares of Rs. 2 each, with no change to the capital structure.
This is a small, routine open-market purchase by a promoter group member, indicating continued confidence in the company. The negligible size (0.03%) means no meaningful change in control or voting power, and the stock price is unlikely to be materially affected.