Shareholding15 Sept 2026, 02:37 pm
Shah Alloys: Acquirers Cross 5% Shareholding Threshold
AI Summary
Shah Alloys Limited has received a disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Bhadresh J. Shah and Manish J. Shah, along with entities considered Persons Acting in Concert (PACs). Following an open market acquisition of 435,576 equity shares, their aggregate shareholding in the company has crossed the 5% threshold, reaching 6.61%. The acquisition date was September 10, 2026. This disclosure is a regulatory requirement triggered by the increased shareholding.
Key Highlights
- Acquirers Bhadresh J. Shah and Manish J. Shah, with PACs, crossed 5% shareholding.
- Aggregate shareholding now stands at 6.61% post-acquisition.
- Acquisition of 435,576 shares occurred via open market purchases.
- Disclosure filed under SEBI SAST Regulations, 2011.
- Acquisition date reported as September 10, 2026.
Price Impact
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