The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pushpadevi B Agarwal
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Pushpadevi B Agarwal, a member of the promoter/promoter group of Tirupati Finlease Ltd, has disclosed the acquisition of 51,000 equity shares (1.7% of the company) on 14 March 2026. The shares were received by way of a Gift (off-market transfer), not purchased. As a result, her holding in the company has increased from 2,81,400 shares (9.37%) to 3,32,400 shares (11.07%). The acquisition was disclosed to BSE on 16 March 2026 under the SEBI Takeover Regulations.
This is a positive signal for shareholders, as the promoter group's stake has risen from 9.37% to 11.07%, indicating increased promoter confidence in the company. Since the shares came as a gift, no cash was deployed, so this does not affect the company's cash position or share price directly.