The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Zenith Commotrade Pvt Ltd
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Awaiting price reaction for this filing.
Shradha AI Technologies Ltd has informed BSE about a disclosure received from Zenith Commotrade Pvt Ltd under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation applies when a shareholder's voting rights in the company change by more than 2% in a financial year, whether through buying or selling shares. The filing itself only confirms the submission of the disclosure; specific transaction details such as direction (buy/sell), quantity, and revised shareholding percentage are not visible in this headline. Investors should check the full disclosure attachment on the BSE website for exact figures.
This is a routine regulatory disclosure rather than a price-moving event on its own. The market reaction will depend on whether Zenith Commotrade is a promoter/promoter-group entity and whether the change represents an acquisition or a sale. Watch the detailed disclosure for any change exceeding 1% in promoter or major shareholder holding, which could signal broader intent.