Shareholding12 Sept 2026, 04:10 pm
Shah Alloys: Bhadresh J Shah & Manish J Shah Cross 5% Stake
AI Summary
Shah Alloys Limited has received a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, from Bhadresh J. Shah and Manish J. Shah. The individuals, acting as Persons Acting in Concert (PACs) along with several associated entities, have collectively acquired shares, crossing the 5% threshold of the company's total share capital. The aggregate shareholding post-acquisition stands at 6.61%, with 1,308,559 shares. The acquisition was made through open market purchases on October 9, 2026. This disclosure is a regulatory requirement triggered by the substantial acquisition.
Key Highlights
- Bhadresh J. Shah and Manish J. Shah, along with PACs, crossed 5% stake in Shah Alloys.
- Aggregate shareholding now stands at 6.61% post-acquisition.
- Acquisition of 435,576 shares occurred via open market purchases.
- The date of crossing the 5% threshold was October 9, 2026.
- This is a mandatory disclosure under SEBI SAST Regulations.
Price Impact
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