The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rakesh Kumar Aggarwal
URAVIDEF · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.3 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Mr. Rakesh Kumar Aggarwal acquired 6,85,000 equity shares (6.23%) of Uravi Defence and Technology Ltd through an off-market inter-se gift transfer from fellow promoter Mr. Brijesh Aggarwal on March 28, 2025. The acquisition has been disclosed under Regulation 29(1) of SEBI Takeover Regulations, 2011, with exemption claimed under Regulation 10(1)(a) since both parties are named promoters for over three years. Importantly, the total promoter group shareholding remains unchanged at the same level because the shares were merely transferred between two promoters. The disclosure was filed on April 18, 2025.
No impact on overall promoter shareholding or stock price since this is only an internal reshuffle within the promoter family. However, it does concentrate ownership more in Rakesh Kumar Aggarwal's hands, which may matter for future voting and control decisions.