The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahesh Lalwani
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The stock exchange has received a disclosure under Regulation 29(1) of SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011, filed by Mahesh Lalwani. This regulation requires an acquirer to disclose to the company and exchanges whenever their shareholding crosses certain percentage thresholds (typically 5% and subsequent changes of 2% or more). The exact nature of the transaction — whether it is a buy or sell, and the specific percentage of shareholding held — has not been disclosed in the headline itself. Without the detailed disclosure form, the direction and magnitude of the change cannot be confirmed.
This is a routine regulatory disclosure and does not by itself indicate any material corporate action. Shareholders should wait for the detailed disclosure (Form C/D under SAST) to know whether Mahesh Lalwani increased or reduced his stake in Suraj Industries, which would clarify any change in promoter-group holding or potential creeping acquisition.