The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rahul Jesu Thomas & PACs
SURAJEST · price
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Rahul Jesu Thomas, along with persons acting in concert (promoter group members and Accord Estates Private Limited), bought 15,253 equity shares of Suraj Estate Developers Ltd through an open-market acquisition on March 2, 2026. This is a Regulation 29(2) disclosure under SEBI's Takeover Regulations. After the purchase, the promoter group's combined holding rose marginally from 69.63% to 69.66% of the share capital (67.75% to 67.78% on a diluted basis). The change is just 0.03%, indicating a routine, small top-up purchase by the promoters rather than a meaningful increase in ownership.
This is a minor promoter share purchase with negligible impact on ownership structure or stock price. Promoters remain firmly in control with over 69% stake, which is generally seen as a positive signal of promoter confidence, though the quantum here is too small to be materially significant for shareholders.