Jyotsna Poddar has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
TEXRAIL · price
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Awaiting price reaction for this filing.
Jyotsna Poddar, part of the promoter group of Texmaco Rail & Engineering, has filed a disclosure under Regulation 10(5) of the SEBI Takeover Regulations, 2011. This regulation requires promoters or acquirers to disclose share purchases made under the 'creeping acquisition' route, where an acquirer can buy up to 5% of a company's shares in a financial year without triggering a mandatory open offer, provided certain conditions are met. The filing signals that the promoter group has acquired additional shares in the company and is making the required regulatory disclosure. The exact number of shares acquired and the revised holding percentage would be detailed in the disclosure document.
This indicates continued promoter confidence in the company through additional share purchases. Investors should review the detailed disclosure for the exact stake increase and revised promoter holding, as creeping acquisitions near disclosure thresholds can affect total promoter shareholding percentages.