Odd & Even Trades increases stake in Maharashtra Seamless to 19.44%
Odd & Even Trades & Finance Limited, a promoter group entity, increased its stake in Maharashtra Seamless Limited by 1.28% to 19.44% via open market purchases between March 30 and June 30, 2026. The acquirer purchased 17,17,618 shares, bringing its total holding to 2,60,48,333 shares.
*this image is generated using AI for illustrative purposes only.
Odd & Even Trades & Finance Limited has increased its shareholding in Maharashtra Seamless Limited to 19.44% through open market transactions conducted between March 30 and June 30, 2026. The acquirer, which belongs to the promoter group, purchased 17,17,618 shares, representing 1.28% of the total voting capital, during this period.
Prior to the acquisition, Odd & Even Trades & Finance Limited held 2,43,30,715 shares, accounting for 18.16% of the paid-up capital. Following the purchase, the total holding rose to 2,60,48,333 shares. The equity share capital and total diluted share capital of Maharashtra Seamless Limited remain unchanged at Rs.66,99,96,260.
The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was made by D. P. Majumdar, Company Secretary of Odd & Even Trades & Finance Limited.
Shareholding Details
The following table outlines the changes in shareholding:
| Description | Number of Shares | % of Total Share Capital | % of Total Diluted Share Capital |
|---|---|---|---|
| Holding before acquisition | 2,43,30,715 | 18.16% | 18.16% |
| Shares acquired | 17,17,618 | 1.28% | 1.28% |
| Holding after acquisition | 2,60,48,333 | 19.44% | 19.44% |
Transaction Details
- Mode of acquisition: Open Market
- Acquisition period: 30.03.2026 to 30.06.2026
- Acquirer status: Promoter / Promoter group
Historical Stock Returns for Maharashtra Seamless
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.28% | -8.17% | -4.10% | +8.43% | -21.86% | +300.66% |
Does this increase in promoter shareholding signal an intention to launch an open offer to acquire a controlling stake in the company?
How will the market interpret this sustained accumulation by the promoter group regarding the company's future growth prospects?
Is there a possibility of further open market purchases by the promoter group to cross the 20% or 25% thresholds in the near term?
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