The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhupendra G Sanghavi & Others
SUNFLAG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The BSE has received a disclosure under Regulation 29(2) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Bhupendra G Sanghavi and others, who belong to the promoter group of Sunflag Iron & Steel Company. This regulation mandates that promoters, promoter group entities, and persons acting in concert must disclose any change in their shareholding or encumbrance (pledge) status in the company. The specific nature of the transaction—whether it involves buying, selling, pledging, or releasing shares—is not detailed in the headline available.
Without the exact transaction details (buy/sell/pledge), the precise impact on shareholders is unclear. Investors should watch for any follow-up disclosure indicating a change in promoter shareholding or pledge status, as this could affect stock price and promoter confidence signals.