The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kaushal Uttam Shah
Awaiting price reaction for this filing.
Bijoy Hans Ltd promoter Kaushal Uttam Shah has filed a revised disclosure under SEBI SAST Regulation 29(2) for acquiring 38,200 equity shares (0.51%) of the company through a Share Purchase Agreement (off-market). Post this acquisition, his holding in the company has increased from 8,40,000 shares (17.20%) to 8,78,200 shares (17.77%) of the total equity share capital. No voting rights, encumbered shares, or convertible instruments were involved in the transaction. The total share capital of the company stands at 7,50,00,210 divided into 75,00,021 equity shares of Rs. 10 each.
This is a marginal increase in promoter stake through an off-market deal, signalling modest promoter confidence but not a significant change in ownership pattern. The stock price is unlikely to be materially impacted given the small size of the acquisition.