Disclosures recieved from Mr. Sudhir Mody, one of the promoters of the Company: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Reg, 2011.
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 3.1 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Vivid Global Industries Ltd has informed BSE about a disclosure received from Mr. Sudhir Mody, one of the company's promoters, filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose changes in their shareholding beyond a certain threshold or creeping acquisitions. The underlying disclosure document was not accessible (BSE page returned an error), so the specific transaction details — whether it is a buy, sell, quantity, or price — could not be verified from the source.
Without the actual disclosure details, the exact impact on shareholders is unclear. Investors should watch for the full disclosure to understand whether the promoter's stake has increased or decreased and at what price.