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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Vijay Kumar Kaushik, Director and Promoter of Vibhor Steel Tubes Ltd, bought 6,000 equity shares through the open market on March 5, 2026, at Rs. 110.835 per share, spending roughly Rs. 6.65 lakh. This raises his stake from 21.07% to 21.10% of the company's paid-up equity capital (40,01,430 shares out of 1,89,62,443 shares). The disclosure is filed under Regulation 29(2) of SEBI's Takeover Code, triggered because his prior holding already exceeded the 20% disclosure threshold. The increase is marginal — just 0.03 percentage points — and there are no changes to encumbered shares or convertible instruments.
This is a small token purchase by the promoter, signalling mild confidence in the company but not large enough to materially affect shareholding pattern, control, or stock price. Retail investors should note the promoter continues to increase his stake, though the quantum is very modest.