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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter Navin Chand Suchanti and his Persons Acting in Concert (PACs) have acquired 42,614 equity shares (0.08% of paid-up capital) of Sinclairs Hotels Limited through open market purchases on June 2 and June 3, 2026. After this acquisition, the promoter group's combined holding has risen from 32,616,645 shares (63.63%) to 32,659,259 shares (63.71%). The acquisition was made by Navin Chand Suchanti individually, while other PAC entities' holdings remained unchanged. The promoter group continues to hold a majority stake well above 50%, with no change to the company's equity share capital of Rs. 10.25 crore (5,12,60,000 shares of Rs. 2 each).
This is a small, confidence-signalling buy by the promoter group in the open market, but the change is marginal (0.08%) and unlikely to materially impact the stock price. It reinforces existing promoter control without altering the company's ownership structure significantly.