The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hanif Abdul Gaffar Khatri
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Hanif Abdul Gaffar Khatri, Promoter and Chairman/Director of Storage Technologies and Automation Ltd, acquired 16,800 equity shares (0.13% of paid-up capital) through open market purchases on 18 December 2025 (8,000 shares) and 19 December 2025 (8,800 shares). His total holding increased from 46,80,000 shares (36.44%) to 46,96,800 shares (36.57%). The total equity share capital of the company stands at 1,28,40,000 shares of INR 10 each. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
This is a small open-market purchase by the promoter, showing continued confidence in the company. The increase in promoter stake from 36.44% to 36.57% is marginal and unlikely to materially impact the stock price, but signals promoter conviction. Holding remains well below the 50% takeover threshold.