Western Carriers (India) Limited has informed the Exchange regarding 'Disclosure under Regulation 29 (2) of Securities and Exchange Board of India (Substantial acquisition of Shares and Takeovers) Regulations, 2011'.
WCIL · price
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Rajendra Sethia, the Promoter and Chairman & Managing Director of Western Carriers (India) Limited, purchased 1,00,000 equity shares (0.098% of paid-up capital) through the open market on March 13, 2026. His total holding increased from 7,40,71,020 shares (72.650%) to 7,41,71,020 shares (72.748%) of the company. The disclosure was filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, requiring promoters to report acquisitions exceeding 2% in a financial year. The company's total equity share capital remains 10,19,55,213 shares of face value Rs. 5 each.
This is a small but confidence-signalling buy by the promoter, marginally raising his already dominant 72.65% stake to 72.75%. For shareholders, it indicates continued promoter confidence in the company, though the size is too small to materially affect stock price or free-float dynamics.