The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kaushal Uttam Shah
Awaiting price reaction for this filing.
Kaushal Uttam Shah, part of the promoter/promoter group of Bijoy Hans Ltd, has disclosed an acquisition of 38,200 equity shares representing 0.51% of the company's share capital under Regulation 29(1) of SEBI (SAST) Regulations, 2011. The shares were acquired through an off-market Share Purchase Agreement. Before the acquisition, the acquirer held 0.00% stake, and after the acquisition, the holding stands at 0.51%. Notably, the company's total equity share capital increased from Rs. 3 crore (30 lakh shares) to Rs. 7.5 crore (75 lakh shares), suggesting a recent share issuance or preferential allotment took place alongside this transaction.
This is a modest promoter share purchase (0.51%) that signals minor insider confidence, but the tiny stake size means it is unlikely to materially move the stock. The simultaneous expansion of share capital (2.5x increase) may dilute existing shareholders and is worth monitoring for further disclosures.