The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Klassic Industries Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Klassic Industries Pvt Ltd, part of the promoter/promoter group of Southern Latex Limited, purchased 3,50,273 equity shares (4.75% of paid-up capital) through the open market on March 6, 2026. This raised the promoter group's aggregate holding from 27,39,404 shares (37.22%) to 30,89,677 shares (41.98%) of the company. The acquisition was disclosed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, with total equity capital of the company remaining unchanged at 73,59,200 shares. The promoter group is now approaching the halfway mark of total shareholding, though still well below the 50% threshold that would trigger an open offer obligation.
This is a positive signal of promoter confidence, as the promoter group is increasing its stake in the company using its own funds. For shareholders, this indicates promoter belief in the company's prospects, but no immediate open offer trigger is activated since holding remains under 50%. The stock may see modest positive sentiment, though Southern Latex is a small-cap BSE-listed company with limited trading liquidity.