On March 29, 2025, Manomay Tex India Limited, a company listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), issued a disclosure as per the requirements outlined under Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure pertains to an acquisition of equity shares by Mr. Yogesh Laddha, the Managing Director of the company and a promoter.

Details of the Disclosure:

The disclosure provides an overview of the shareholding changes following Mr. Laddha’s acquisition of 6,000 equity shares in the open market. This transaction increases his holding in the company from 5,19,843 shares (2.88% of total voting capital) to 5,25,843 shares (2.91% of total voting capital). The shares were acquired on March 28, 2025, and the updated holding was disclosed on March 29, 2025.

In compliance with SEBI regulations, the company has ensured that all required disclosures are made to the BSE and NSE regarding the acquisition of shares by its promoter. These disclosures are part of a continual effort to maintain transparency and comply with the regulations governing insider trading and substantial acquisition of shares.

The details of the transaction were provided in the prescribed format, specifying the number of shares acquired and the percentage of ownership post-acquisition. Additionally, the report highlights that the acquisition was carried out through open market transactions. There were no encumbrances or pledges related to the shares involved in the transaction.

SEBI Regulations and Reporting:

The disclosures made by Mr. Laddha are in line with the provisions of SEBI’s regulations concerning substantial acquisition of shares and insider trading. According to Regulation 7(2) read with Regulation 6(2), promoters and directors must disclose any changes in their shareholding as soon as such transactions occur. This ensures that there is full transparency regarding the ownership stakes of key stakeholders in the company.

The company, by filing the disclosure with both the BSE and NSE, complies with these regulations, which are designed to maintain fairness and transparency in the securities market. This disclosure is part of a broader effort to adhere to SEBI’s requirements and uphold the integrity of the market.

Acquisition Mode and Future Disclosures:

The acquisition of shares was executed in the open market through BSE and NSE platforms, showcasing the company's commitment to conducting transactions in an orderly and compliant manner. Moving forward, any further changes in the shareholding or additional acquisitions by Mr. Laddha will be disclosed promptly in accordance with SEBI guidelines.

Manomay Tex India Limited remains committed to complying with all applicable regulatory requirements and ensuring that its transactions and dealings are carried out with transparency and accountability. The company’s adherence to SEBI regulations strengthens investor confidence and ensures that all stakeholders are well-informed about the activities of its promoters and key personnel.

Conclusion:

This disclosure highlights the ongoing commitment of Manomay Tex India Limited to maintain compliance with SEBI’s Prohibition of Insider Trading Regulations and ensures that the integrity of the market is upheld. The share acquisition by Mr. Yogesh Laddha reflects his continued involvement and commitment to the company’s growth and success.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited.

The Closed IPOs are  Identixweb Limited, ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.