The Exchange has received the disclosure under Regulation 29(1) 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 2,50,000 equity shares (7.56%) of Avi Products India Ltd through open market purchases on 30 July 2025 (50,000 shares) and 31 July 2025 (2,00,000 shares). Prior to this acquisition, he held NIL shares in the company, meaning his entire 7.56% stake is newly built. This disclosure is filed under SEBI's SAST Regulation 29(1), triggered because his holding crossed the 5% disclosure threshold. The total equity share capital of the company remains 33,06,802 shares of Rs. 10 face value.
A non-promoter entity has entered the shareholder base with a sizeable 7.56% stake via open market buying, which is a bullish signal indicating outside confidence in the stock. Retail investors should note that any further purchases approaching the 10% trigger will require another disclosure, and the acquirer's identity as a non-promoter means this is not a promoter-driven stake change.