The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Meenul Metalizing Pvt Ltd
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Meenul Metallizing Pvt Ltd, belonging to the promoter group of Sarvamangal Mercantile Company, acquired 11,900 shares (4.78% stake) through an off-market transaction between August 19 and August 21, 2025. The acquirer's holding has risen from 20,500 shares (8.23%) to 32,400 shares (13.01%), thereby crossing the 10% ownership threshold. The company's total equity share capital remains unchanged at 24,90,000 shares. The acquisition was carried out as a creeping acquisition under SEBI Takeover Regulations.
This off-market purchase signals promoter confidence and consolidation of stake without triggering an open offer obligation. Retail investors may view this as a positive intent signal from insiders, though the off-market route means there is no direct market buying support for the stock price.