The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Sethia
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Rajendra Sethia, Promoter and Chairman & Managing Director of Western Carriers (India) Ltd, acquired 1,00,000 equity shares (face value Rs. 5 each) on December 1, 2025 via the open market. This represents 0.098% of the company's paid-up capital, taking his total holding from 7,39,71,020 shares (72.552%) to 7,40,71,020 shares (72.650%). The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and the company's total equity share capital stands at 10,19,55,213 shares.
This is a small incremental purchase by the promoter, signalling continued confidence in the company. Promoter holding now stands at 72.65%, which is positive for shareholders as it reduces free float and indicates insider conviction, though the 0.098% change is too small to materially move the stock price.