KORE Digital Limited has notified the National Stock Exchange (NSE) regarding an acquisition of shares by its promoter, Mr. Ravindra Doshi. On March 18, 2025, Mr. Doshi acquired 12,150 shares, which equates to 0.10% of the company's equity share capital. This transaction took place through the open market. Following this acquisition, Mr. Ravindra Doshi’s holding has increased from 32.04% to 32.14% of the total equity share capital of the company.

This acquisition falls under the purview of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which governs disclosures related to the substantial acquisition of shares. As per this regulation, individuals or entities acquiring a significant number of shares in a listed company must inform the stock exchange about the change in holdings.

The Promoter’s stake increase also aligns with the SEBI (Prohibition of Insider Trading) Regulations, 2011, which provides guidelines for the trading of shares by insiders, including promoters, and aims to prevent any potential misuse of confidential information for trading purposes. In accordance with these regulations, KORE Digital Limited has also mentioned that they will be submitting the required disclosures under both Regulation 29(2) and Regulation 7(2) in due course.

The company has formally requested the NSE to take this disclosure on record. This ensures that all the regulatory requirements are met, and the necessary transparency is maintained for the benefit of the stakeholders and the broader investment community.

In the coming days, the company will proceed with the filing of the relevant documents with the stock exchange, keeping in line with all SEBI regulations. This acquisition by the promoter is a key move for both the company’s equity structure and the broader investment community, and it highlights the promoter’s continued confidence in the company's prospects.

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