The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarthak Sanghvi Shripal Sanghvi
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Sarthak Sanghvi Shripal Sanghvi, a member of the Promoter Group of Shanti Guru Industries Ltd, has disclosed the acquisition of 4,26,000 equity shares, representing 3.46% of the company's paid-up share capital. The shares were bought through open market purchases spread across multiple dates from March 2025 to January 2026, in small tranches ranging from 3,000 to 1,77,000 shares. The company has a total equity share capital of Rs. 12.31 crore divided into 1,23,10,000 shares of Rs. 10 each. After this acquisition, the acquirer's total holding stands at 4,26,000 shares (3.46%), and the disclosure was filed under SEBI's takeover regulations because the acquirer is part of the Promoter Group.
This is a positive signal showing promoter group confidence, as insiders are buying shares from the open market rather than selling. The gradual accumulation suggests the promoter group is steadily increasing its stake, though they remain well below the 50% majority threshold.