The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hindustan Cotton Company
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Hindustan Cotton Company, part of the promoter group of Sarla Performance Fibers Limited, has filed a disclosure under SEBI's Takeover Regulations for a change in its shareholding. Before the transaction, the promoter group held 4,75,69,986 shares, representing 56.97% of the company's voting capital. The disclosure reports a movement of just 1,557 shares, which is only 0.0019% of the total share/voting capital. The exact direction of the transaction (acquisition or disposal) is not clearly specified in the available text. The change is negligible in size relative to the overall promoter holding.
This is a routine regulatory disclosure for a very small share movement by the promoter group, which continues to hold a strong majority stake of about 57%. There is no meaningful impact on the shareholding pattern or stock price from this filing.