The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sirmaur Hospitality Pvt Ltd
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Sirmaur Hospitality Private Limited, a promoter group entity of Shivalik Bimetal Controls Ltd, acquired 67,500 equity shares (0.12%) through open market purchase on 27 March 2026. Before this acquisition, Sirmaur Hospitality held 455,600 shares (0.79%). After the acquisition, their holding increased to 523,100 shares (0.91%) of the total paid-up capital of Rs. 11,52,08,400 divided into 57,604,200 shares. The disclosure is made under Regulation 29(2) of SEBI SAST Regulations, 2011 which requires disclosure of acquisition exceeding 1% of total share capital.
Promoter group buying additional shares in the open market signals confidence in the company. The stake remains small at under 1%, so impact on stock price is minimal but indicates positive sentiment from insiders.