The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Poshika Financial Ecosystems Pvt Ltd
UGROCAP · price
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Promoter-group entity Poshika Financial Ecosystem Pvt Ltd acquired 4,75,000 equity shares (0.31%) of Ugro Capital Ltd through open market purchase on March 27, 2026 (settlement March 30, 2026). Post-acquisition, Poshika's holding increased from 1.50% to 1.80%, with promoter group total reaching 1.99%. The company clarified that this acquisition does not trigger mandatory disclosure under Regulation 29(2) as the aggregate change remains below the 2% threshold. The disclosure is being made voluntarily for transparency and good corporate governance.
This is a relatively small promoter acquisition (0.31%) made voluntarily below the SEBI-mandated disclosure threshold. The acquisition increases promoter skin-in-the-game but is unlikely to have immediate stock price impact given the small quantum.