The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajendra Sethia
WCIL · price
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Western Carriers (India) Ltd's Promoter, Chairman and Managing Director, Rajendra Sethia, purchased 7,404 equity shares (face value Rs. 5 each) of the company through the open market on September 11, 2025. The acquisition represents 0.007% of the company's paid-up share capital. Following this purchase, his shareholding increased marginally from 72.419% (7,38,35,253 shares) to 72.426% (7,38,42,657 shares). The disclosure was filed with BSE and NSE on September 12, 2025 in compliance with SEBI takeover regulations. The total equity share capital of the company stands at 10,19,55,213 shares.
This is a very small insider purchase by the promoter (worth a few lakhs), which signals continued promoter confidence but is too small to materially impact stock price or shareholder value. No governance concerns arise — the promoter remains firmly in control with over 72% holding.