The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mahima Sanghi & Sakshi Sanghi
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Mahima Sanghi and Sakshi Sanghi, both belonging to the Promoter/Promoter group of Uday Jewellery Industries, acquired 75,000 shares each through preferential allotment on 01.05.2026. After the acquisition, Mahima Sanghi holds 4,02,380 shares (1.18%) and Sakshi Sanghi holds 4,71,725 shares (1.38%). The total share capital increased from 33,60,29,250 to 34,05,29,250 due to the new preferential allotment. Both acquirers are Persons Acting in Concert (PAC) and are increasing their stake in the company.
The promoter group is buying additional shares through preferential allotment, signaling confidence in the company's prospects. This is a positive signal for retail investors as promoters are putting more money into the business. However, the absolute percentage holding remains small.