In a recent corporate disclosure, Sudhir Rai, the Promoter, Chairman, and Managing Director of the company, has acquired a total of 25,000 equity shares through the open market. This acquisition, completed on 28th November 2024, represents approximately 0.04% of the total issued and paid-up share capital of the company.

The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation ensures transparency in acquisitions and aims to safeguard the interests of investors in listed companies. According to the SEBI regulations, such disclosures are mandatory for substantial acquisitions to maintain fairness and accountability in the market.

Details of the Acquisition:

• Name of the Acquirer: Sudhir Rai
• Date of Disclosure: 29th November 2024
• Regulation Reference: Regulation 29(2) of SEBI (SAST) Regulation, 2011
• Shares Purchased: 25,000 equity shares
• Percentage of Total Paid-Up Share Capital: 0.04%
  
  

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This transaction is a part of Sudhir Rai’s continued investment in the company, which aligns with his role and confidence in the company's future performance. The open market acquisition of shares by a promoter is significant, as it not only reflects the confidence of the company’s leadership but also influences the market’s perception of the company’s stability and growth potential.

Impact on Share Capital:

The acquisition of 25,000 shares brings a slight increase in Sudhir Rai’s stake, though it still represents a small percentage of the total share capital. This update will be closely monitored by market analysts and investors, as such movements can sometimes indicate underlying strategies or the strengthening of a promoter’s commitment to the company.

As the company continues to disclose such significant transactions, it is clear that there is a focus on adhering to SEBI guidelines, providing market participants with the necessary information to make informed decisions. Sudhir Rai’s acquisition, therefore, not only complies with the legal regulations but also promotes corporate transparency and accountability, crucial aspects of maintaining investor trust in the market.

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