The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Stuti Jhawar
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Stuti Jhawar, a member of the promoter/promoter group of Usha Martin Ltd, purchased 10,000 equity shares through the open market on NSE on 12 September 2025. Her holding rose from 12,40,000 shares to 12,50,000 shares, representing 0.41% of the company's equity capital both before and after the transaction. The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations, which mandates reporting of share acquisitions by promoter group members. No encumbrance or pledge activity is involved — this is a straightforward open-market purchase.
The acquisition is very small (10,000 shares) and barely changes the promoter's overall stake, which remains at 0.41%. This is a routine regulatory disclosure with negligible impact on the stock price or shareholder interests.