The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Margarette Shwetha Thomas & PACs
SURAJEST · price
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Awaiting price reaction for this filing.
Margarette Shwetha Thomas, a member of the promoter group of Suraj Estate Developers Ltd, purchased 18,500 equity shares through the open market across two days: 5,500 shares on March 4, 2026 and 13,000 shares on March 5, 2026. The combined promoter group (including PACs) holding rose from 69.70% (3,32,95,800 shares) to 69.73% (3,33,14,525 shares) of the company's share capital. The filings were made under Regulation 29(2) of the SEBI Takeover Regulations, 2011, and no encumbrance or pledge activity was involved. The total share capital of the company stood at ₹23,88,66,940 both before and after the transactions.
A small open-market purchase by the promoter signals continued confidence in the company. However, the increase in stake is marginal (about 0.03%) and unlikely to materially move the stock price; it primarily reinforces the existing high promoter holding of nearly 70%.