Announced Mon, 25 May · 17:07 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kaushik Joshi & Others

Promoter Stake BuyCreeping Acquisition Near ThresholdOwnership Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+26.0%1-day move
₹1.00
prior close
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+26.0+51.0+81.0+99.0+118.0+117.0+71.0+92.0+166.0
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AI summary

The Joshi family (Kaushik Jagannath Joshi, Amita Kaushik Joshi, Krishna Kaushik Joshi, Radhika Kaushik Joshi, and Joshi Kaushikkumar Jagannath HUF) purchased equity shares through open market transactions. Before acquisition on May 4, 2026, the family held 2,580,265 shares (3.80%). They then acquired an additional 1,255,000 shares in total, bringing their combined holding to 3,835,265 shares (5.65%) of the company's total share capital of Rs 13,58,73,208 divided into 6,79,36,604 equity shares of Rs 2 each. The acquirers clarified they do not belong to the Promoter/Promoter group. The acquisition triggered the Regulation 29(1) disclosure requirement as the holding crossed the 5% threshold.

Likely market impact

The stock may see increased attention as a non-promoter group has accumulated a significant 5.65% stake crossing the regulatory threshold. This represents meaningful insider-aligned buying but is below the 10% creeping acquisition trigger.