The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajender Kumar Agarwal
Awaiting price reaction for this filing.
BSE has received a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, filed by Rajender Kumar Agarwal, a promoter of Suryavanshi Spinning Mills Ltd. This regulation requires promoters and persons holding more than 5% to disclose acquisitions or disposals of shares that cross specified thresholds. The exact direction of the transaction (buy or sell), the number of shares involved, and the change in holding percentage are not stated in the headline. The filing simply confirms that a Reg. 29(2) compliant disclosure has been submitted to the exchange.
Neutral to mildly informative — investors should check the full disclosure on the BSE/NSE corporate filing page to know whether the promoter has increased or reduced his stake, as either move can influence short-term sentiment and shareholder confidence.