Indong Tea promoter Hariram Garg boosts stake to 13.65% via open market

Indong Tea Company Limited disclosed that promoter Hariram Garg has increased his stake in the company by acquiring 1,80,000 equity shares on the open market. The transactions took place between July 17, 2026, and July 27, 2026, raising his total holding from 24,70,661 shares (12.72%) to 26,50,661 shares (13.65%). This move signals continued confidence from the promoter group in the company’s long-term prospects.

The acquisition was reported to the Bombay Stock Exchange (BSE) on July 28, 2026, pursuant to Regulation 29(2) and Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Chandan Gupta, Company Secretary cum Compliance Officer, submitted the disclosure on behalf of the company. The total value of the transaction was ₹16,63,988.

Transaction Details

The following table outlines the specifics of the share acquisition:

Metric	Details
Promoter Name	Hariram Garg
Transaction Type	Buy
Mode of Acquisition	On Market
Shares Acquired	1,80,000
Value of Transaction	₹16,63,988
Period of Acquisition	July 17, 2026 – July 27, 2026
Pre-Acquisition Holding	24,70,661 shares (12.72%)
Post-Acquisition Holding	26,50,661 shares (13.65%)

Regulatory Compliance

The disclosure was filed under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no derivatives trading occurred during this period. The company’s ISIN is INE0KN201016, and its scrip code on the BSE is 543769. The intimation was provided to the company on July 28, 2026, following the completion of the trades.

What the Numbers Show

The increase in stake by nearly 1% is a notable move for a promoter in a small-cap entity. By purchasing shares on the open market rather than through off-market transfers or preferential allotments, Hariram Garg has demonstrated a willingness to pay prevailing market prices. This type of accumulation often serves as a positive signal to other investors regarding the intrinsic value of the stock at current levels.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-7.22%	+0.88%	+12.72%	+8.30%	-42.83%	-58.12%

Asian Housing and Infrastructure Limited, a member of the promoter group, has reduced its shareholding in Indong Tea Company through open market transactions. The entity disposed of 44,000 equity shares, representing 0.23% of the paid-up equity share capital, during the period from March 20, 2026, to March 24, 2026. The total equity share capital of the target company stands at ₹19,42,10,480.

Prior to the sale, Asian Housing and Infrastructure Limited held 4,00,000 shares, constituting 2.06% of the company's paid-up equity share capital. Following the disposal, the shareholding stands reduced to 3,56,000 equity shares, which accounts for 1.83% of the paid-up equity share capital. The disclosure was submitted to the company on July 17, 2026, in accordance with Regulation 29(2) read with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The following table outlines the specifics of the share disposal:

Parameter	Details
Pre-transaction holding	4,00,000 shares (2.06%)
Shares disposed	44,000 shares (0.23%)
Post-transaction holding	3,56,000 shares (1.83%)
Transaction period	20.03.2026 to 24.03.2026
Mode of disposal	Open Market

Regulatory Disclosure

The disclosure was formally submitted to Indong Tea Company Limited by Raunak Garg, Director of Asian Housing and Infrastructure Limited. The company subsequently informed BSE Limited regarding the receipt of the disclosure under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Hariram Garg, Managing Director of Indong Tea Company Limited, on July 17, 2026.