The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vijay Kumar Kaushik
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On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.6 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vibhor Steel Tubes promoter and director Mr. Vijay Kumar Kaushik bought 24,000 equity shares of the company on the NSE through an open market transaction on March 16, 2026, at an average price of Rs. 106.13 per share. This raised his stake from 21.19% (40,17,580 shares) to 21.31% (40,41,580 shares) of the paid-up capital. The total equity base of the company stands at 1,89,62,443 shares. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations to report the incremental promoter acquisition.
This is a small, confidence-signalling open-market purchase by a promoter, suggesting he views current price levels (around Rs. 106) as attractive. The size is too small (0.12%) to materially shift voting control, but consistent buying by promoters is generally viewed positively by retail investors as a sign of faith in the company.