The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Kapoor
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Rakesh Kapoor, a member of the promoter group of Sri Amarnath Finance Ltd, has acquired 2,55,000 equity shares (2.56% of the paid-up capital) through off-market purchases. The shares were bought in three tranches: 40,000 on 07.11.2025, 1,25,000 on 10.11.2025, and 90,000 on 12.11.2025. His total holding has increased from 40,78,371 shares (40.86%) to 43,33,371 shares (43.42%) of the company. The equity share capital of the company accordingly rose from ₹4,07,83,710 to ₹4,33,33,710, reflecting the increase in promoter's stake.
This is a confidence-building signal for retail investors as a promoter is increasing his stake in the company through off-market purchases, suggesting long-term commitment. However, promoter holding remains below the 50% majority threshold, so there is no change in control of the company.