The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Margaretta Shwetha Thomas & PACs
SURAJEST · price
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Awaiting price reaction for this filing.
Margarette Shwetha Thomas, part of the promoter and promoter group of Suraj Estate Developers, acquired 16,754 equity shares through the open market (stock exchange) on March 9, 2026. This is disclosed under SEBI Regulation 29(2) of the Takeover Regulations, 2011. After the purchase, the promoter group's combined holding with PACs rose marginally from 3,33,20,525 shares (69.75%) to 3,33,37,279 shares (69.78%) of the company's share capital. On a fully diluted basis, the holding increased from 67.86% to 67.89%. The acquisition is small in size — just 0.04% of total share capital — but signals continued promoter confidence.
This is a small but positive signal — a promoter increasing stake in the open market typically indicates insider confidence in the company's prospects. However, the size of the purchase is negligible and unlikely to move the stock price on its own.