Announced Fri, 19 Dec · 18:55 IST

Disclosure under Regulation 29(2) of Securities and Exchange Board of India Regulation as the promoter acquired 16,800 equity shares from open market

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Hanif Abdul Gaffar Khatri, Promoter and Chairman of Storage Technologies and Automation Ltd, bought 16,800 equity shares from the open market across December 18 and 19, 2025 (8,000 on Dec 18 and 8,800 on Dec 19). This increased his holding from 46,80,000 shares (36.44%) to 46,96,800 shares (36.57%) of the company's paid-up equity capital. The total equity capital of the company remains 1,28,40,000 shares of INR 10 each. The acquisition was disclosed under SEBI's Takeover Regulations, indicating the promoter is gradually increasing his stake.

Likely market impact

A small open-market purchase by the promoter signals insider confidence in the company, though the 0.13% increase is too small to materially affect shareholding dynamics or stock price.