The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kundan Chhotalal Bhanderi
Awaiting price reaction for this filing.
Promoter Kundan Chhotalal Bhanderi has disclosed an increase in his shareholding in United Textiles Ltd, rising from 0.30% (9,031 shares) to 5.31% (1,59,375 shares). The acquisition of 1,50,344 shares (5.01% of equity) happened on 17 April 2025 through an inter-se transfer (transmission), which is typically an inheritance or family settlement event among promoter-group members. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, triggered because the acquisition pushed his holding past the 5% disclosure threshold. The total equity share capital of the company remains unchanged at 30,00,000 shares of face value Rs 10 each.
This is a non-market, family-level reshuffle within the promoter group rather than a fresh public purchase, so it is unlikely to have any meaningful impact on the stock price. It does, however, consolidate the promoter's individual holding within the group and flags him as a person crossing the 5% SAST threshold, which means further acquisitions or disposals above 2% per financial year will attract additional disclosure obligations.