The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramjibhai Gushabhai Satani
Awaiting price reaction for this filing.
The BSE exchange has received a disclosure under SEBI's Takeover Regulations (Reg 29(1)) from Ramjibhai Gushabhai Satani, who appears to be a member of the promoter group based on the shared surname with the company. This regulation requires disclosures when shareholders holding 5% or more, or promoters, see changes in their shareholding. The specific direction of the transaction — whether it is an acquisition or disposal of shares — and the percentage change involved are not detailed in the headline available. The full filing on the BSE portal would contain the exact number of shares traded and the resulting shareholding.
Shareholders should check the detailed disclosure on the BSE website to understand whether this is a promoter buying more shares (potentially supportive signal) or reducing stake (which could indicate profit-taking or rebalancing). The move may also affect the promoter group's overall holding percentage relative to any takeover threshold concerns.