This is to inform you that the Company ha received a disclosure under regulation 29(1) of SEBI SAST Regulation 2011 from M/s Nandanvan Commercials Private Limited
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On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.6 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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USG Tech Solutions has disclosed that Nandanvan Commercial Private Limited, a public shareholder (not part of the promoter group), has increased its shareholding in the company from 5.83% to 9.43% by acquiring 37,40,345 additional equity shares through open market purchases. The acquisition happened across multiple trading days between May 15 and May 23, 2025, and added approximately 3.66% to the acquirer's existing holding. The disclosure was filed under Regulation 29(1) of SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011, which requires public shareholders to disclose acquisitions of 2% or more. The total equity share capital of the company remains unchanged at approximately 3.94 crore shares.
A non-promoter public shareholder aggressively accumulating shares close to the 10% open offer threshold could signal growing institutional or strategic interest in the stock. Shareholders should watch whether this buyer crosses 10%, which would trigger a mandatory open offer under SAST rules.