Announced Tue, 19 Aug · 15:46 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 BuyCreeping Acquisition Near ThresholdPromoter Below 50pctOwnership Changes View source PDF

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Awaiting price reaction for this filing.

AI summary

Raj Kotia, a promoter of Sungold Media and Entertainment Ltd, purchased 5,000 equity shares (0.05%) through an open market transaction on 18 August 2025. His total holding increased from 5,197,570 shares (47.25%) to 5,202,570 shares (47.30%) of the company's voting capital. The company is listed on the SME platform of BSE with a total share capital of ₹11 crore (1.10 crore equity shares of ₹10 each). This is a small but incremental acquisition by the promoter, nudging his stake closer to the 50% mark.

Likely market impact

This is a minor open market purchase by the promoter, signalling continued confidence in the company. However, the marginal size of the acquisition means limited direct impact on stock price or shareholder value. Shareholders should note that the promoter is approaching the 50% takeover threshold, which could attract further SAST disclosures if acquisitions continue.