The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Chandra Mishra
Awaiting price reaction for this filing.
Ramesh Chandra Mishra, a non-promoter individual, acquired 226,000 equity shares (face value Rs. 10) of Avi Products India Ltd through open market purchases on 11th September 2025. This acquisition raised his holding from 2,50,000 shares (7.56%) to 4,76,000 shares (14.40%) of the company. The total equity share capital of Avi Products India Ltd stands at 33,06,802 shares, valued at Rs. 3.30 crore. The disclosure was filed on 15th September 2025 under SEBI's Substantial Acquisition of Shares & Takeovers Regulations, 2011.
A non-promoter entity has nearly doubled their stake to 14.40%, sitting very close to the 15% regulatory threshold under SEBI takeover rules. Any further purchase beyond 15% would trigger an open offer obligation, so shareholders should watch for additional disclosures or a potential open offer announcement.