Shivalik Bimetal Controls Limited has informed the Exchange regarding a press release dated March 31, 2026, titled "Shivalik Bimetal Controls Limited (SBCL) announces open market acquisition of shares by Promoter & Promoter Group".
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Shivalik Bimetal Controls Limited announced that members of its Promoter & Promoter Group acquired 241,000 equity shares through open market purchases on March 27 and March 30, 2026. This represents approximately 0.42% of the company's equity share capital. The buying was done by three entities: Mr. Kabir Ghumman (Managing Director) bought 86,750 shares, Mr. Sumer Ghumman bought 86,750 shares, and Sirmaur Hospitality Pvt. Ltd. bought 67,500 shares. The Managing Director stated that the purchases reflect the promoters' belief in the company's long-term direction and future opportunities. The company is a manufacturer of thermostatic bimetal strips and shunt resistors serving electrical, automotive, and industrial sectors, supplying over 300 clients globally.
Promoter buying is generally viewed as a positive confidence signal, but the 0.42% acquisition is relatively small. Shareholders may interpret this as insider confidence in the company's prospects, though the limited size means it is unlikely to materially shift the stock price on its own.