The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navin Chand Suchanti & PACs
SINCLAIR · price
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Navin Chand Suchanti, a promoter of Sinclairs Hotels Limited, purchased 63,000 equity shares (0.12% of the company's share capital) from the open market on March 23, 2026. The shares were acquired in his individual capacity, not by the other Persons Acting in Concert (PACs) listed in the disclosure. After this purchase, the total promoter group holding (including PACs) stands at 32,55,800 shares, or 63.51% of the company's paid-up equity capital, up from 63.39% before the acquisition. The company has 5,12,60,000 equity shares of Rs. 2 each as its total share capital, which remains unchanged. The acquisition was disclosed to BSE, NSE, and Calcutta Stock Exchange on March 25, 2026.
This is a small, confidence-building buy by the promoter that marginally raises promoter ownership. It is not a large enough move to materially change the shareholding structure, but it signals promoter faith in the company at current price levels.