The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navin Chand Suchanti
SINCLAIR · price
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Sinclairs Hotels promoter Navin Chand Suchanti bought 1,06,735 shares (0.21% stake) in the open market between February 26 and February 27, 2026. After this purchase, his total holding in the company increased from 28,72,702 shares (5.60%) to 29,79,437 shares (5.81%). The transaction was disclosed under SEBI SAST Regulation 29(2), which requires promoters to report any acquisition of more than 2% in a financial year or any single acquisition above 1% of voting rights. The shares were acquired in cash through regular market purchases on the BSE, NSE, or CSE.
This is a small incremental open-market purchase by the promoter, signaling continued confidence in the company. The 0.21% increase is minor and unlikely to materially move the stock price, but it reinforces promoter belief in the business at current levels.