Kanchan Daga Acquires 6.85% Stake in Orbit Exports Limited Through Share Purchase

1 min read     Updated on 30 Mar 2026, 08:40 PM
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Reviewed by
Radhika SScanX News Team
AI Summary

Kanchan Daga disclosed acquisition of 6.85% stake in Orbit Exports Limited along with persons acting in concert as of March 27, 2026. Daga personally acquired 2,23,018 equity shares representing 0.84% stake, while Varun Daga Family Trust and Sheerans Daga Family Trust hold 3.01% and 3.00% respectively. The company has paid-up equity capital of Rs. 26,51,11,520 comprising 2,65,11,152 shares of Rs. 10 each.

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Kanchan Daga has made a substantial acquisition disclosure regarding his shareholding in Orbit Exports Limited, filing the required documentation under Regulation 29(1) of SEBI Takeover Regulations dated March 29, 2026.

Acquisition Details

As of March 27, 2026, Kanchan Daga together with persons acting in concert holds an aggregate stake of 6.85% in Orbit Exports Limited. The company's paid-up equity share capital comprises Rs. 26,51,11,520, consisting of 2,65,11,152 equity shares of Rs. 10 each.

Stakeholder: Shareholding (%)
Kanchan Daga (Acquirer): 0.84%
Varun Daga Family Trust (PAC): 3.01%
Sheerans Daga Family Trust (PAC): 3.00%
Total Holdings: 6.85%

Share Acquisition Breakdown

Kanchan Daga personally acquired 2,23,018 equity shares carrying voting rights, representing 0.84% of the total share capital. Prior to this acquisition, Daga and persons acting in concert held no shares in the company.

Transaction Details: Shares Percentage
Shares Acquired: 2,23,018 0.84%
Previous Holdings: NIL NIL
Current Personal Stake: 2,23,018 0.84%

Regulatory Compliance

The disclosure confirms that Kanchan Daga does not belong to the promoter or promoter group of Orbit Exports Limited. The acquisition involved only equity shares carrying voting rights, with no warrants, convertible securities, or encumbered shares involved in the transaction.

The filing has been submitted to both BSE Limited and National Stock Exchange of India Limited, where Orbit Exports Limited shares are listed under symbol ORBTEXP and security code 512626 respectively. This disclosure ensures compliance with SEBI regulations requiring transparency in substantial shareholding changes exceeding specified thresholds.

Historical Stock Returns for Orbit Exports

1 Day5 Days1 Month6 Months1 Year5 Years
-0.50%-3.11%-13.78%-18.16%-2.07%+157.02%

Will Kanchan Daga and the associated family trusts continue to increase their stake in Orbit Exports beyond the current 6.85% threshold?

How might this new institutional backing affect Orbit Exports' strategic direction and expansion plans in the export sector?

Could this acquisition signal potential consolidation activity in the export industry, with Orbit Exports becoming a target for larger deals?

Kaushik Daga Disposes 7.49% Stake in Orbit Exports Limited

1 min read     Updated on 30 Mar 2026, 08:36 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

Kaushik Daga has completely disposed of his 7.49% stake in Orbit Exports Limited through an off-market transaction, selling all 19,84,717 equity shares on March 27, 2026. The disposal was disclosed under SEBI regulations, with his shareholding reducing from 7.49% to zero.

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Orbit exports has received a disclosure from Kaushik Daga regarding the substantial disposal of shares under SEBI's takeover regulations. Daga has disposed of his entire 7.49% stake in the company through an off-market transaction on March 27, 2026, reducing his holding to zero.

Disposal Details

The disposal was completed through an off-market transaction on March 27, 2026. Kaushik Daga disposed of 19,84,717 equity shares, representing 7.49% of Orbit Exports Limited's paid-up equity share capital.

Parameter: Details
Disposal Date: March 27, 2026
Mode of Disposal: Off Market
Shares Disposed: 19,84,717
Percentage Disposed: 7.49%
Holding After Disposal: NIL

Holdings Before and After Transaction

The disclosure reveals the complete change in Kaushik Daga's shareholding pattern. Prior to the disposal, he held 19,84,717 shares representing 7.49% of the company's equity capital.

Transaction Stage: Number of Shares Percentage Holding
Before Disposal: 19,84,717 7.49%
Shares Disposed: 19,84,717 7.49%
After Disposal: NIL NIL

Company Share Capital Structure

Orbit Exports Limited's equity share capital remains unchanged following the disposal. The company's paid-up equity share capital stands at ₹26,51,11,520, comprising 2,65,11,152 equity shares of ₹10 each.

Share Capital Details: Amount/Number
Paid-up Equity Share Capital: ₹26,51,11,520
Total Equity Shares: 2,65,11,152
Face Value per Share: ₹10

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kaushik Daga does not belong to the promoter or promoter group of the company. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, where Orbit Exports Limited shares are listed under the symbol ORBTEXP and security code 512626.

Historical Stock Returns for Orbit Exports

1 Day5 Days1 Month6 Months1 Year5 Years
-0.50%-3.11%-13.78%-18.16%-2.07%+157.02%

Who acquired Kaushik Daga's 7.49% stake in the off-market transaction and what are their strategic intentions for Orbit Exports?

Will this significant shareholding change trigger any shifts in Orbit Exports' board composition or management strategy?

How might this large block disposal impact Orbit Exports' stock liquidity and trading patterns in the coming quarters?

More News on Orbit Exports

1 Year Returns:-2.07%