Announced Tue, 17 Mar · 14:58 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Raj Kotia

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹10.00
prior close
₹10.50
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AI summary

Raj Kotia, a promoter of Sungold Media and Entertainment Ltd, purchased 5,000 equity shares (0.04%) through an open market transaction on 17 March 2026. Before the acquisition, the promoter held 52,57,570 shares (47.80%), and after the purchase his holding rose marginally to 52,62,570 shares (47.84%). The company has a total equity share capital of Rs. 11 crore divided into 1.10 crore shares of Rs. 10 each. The shares are listed on the SME platform of BSE. This is a routine disclosure under SEBI's Takeover Regulations, triggered by the promoter's continued gradual increase in stake.

Likely market impact

The impact on shareholders is negligible — the purchase is tiny (just 5,000 shares) and only nudges the promoter's stake from 47.80% to 47.84%. The stock price is unlikely to move meaningfully on this news, though it signals the promoter's continued confidence in the company.