StockWatch
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Civil Construction
Shareholding18 Jun 2026, 02:43 pm

Birva Patel & Umaben Patel Acquire 20,000 M&B Engineering Shares

AI Summary

Birva Chirag Patel and Umaben Girishbhai Patel have collectively acquired 20,000 equity shares of M & B Engineering Limited. The acquisition, comprising 10,000 shares each, took place on June 16, 2026, via open market purchase. This transaction represents a minor increase in their shareholding, bringing the total holding of the acquirers and Persons Acting in Concert (PACs) to 70.61% of the company's total voting capital. The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Acquirers Birva Chirag Patel and Umaben Girishbhai Patel bought 20,000 shares.
  • Acquisition occurred on June 16, 2026, via open market purchase.
  • Post-acquisition, total promoter group holding is 70.61%.
  • Transaction complies with SEBI Takeover Regulations.
  • No significant change in promoter group's overall stake.