The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for S Anandavadivel
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Awaiting price reaction for this filing.
S. Anandavadivel, a promoter of W.S. Industries (India) Ltd, purchased 3,000 equity shares on 5th March 2025 through the open market. His stake in the company increased marginally from 7.140% to 7.145% of total share capital, a rise of just 0.005%. The total equity share capital of the company remains Rs. 63.38 crore, divided into 6.33 crore shares of Rs. 10 each. This is a routine disclosure under SEBI Takeover Regulations, indicating a small, confidence-building buy by the promoter rather than a significant change in ownership.
The acquisition is negligible in size and is unlikely to have any material impact on the stock price or shareholding structure. However, it signals continued promoter confidence in the company, which is mildly positive for retail investors.