Promoter Hitendra Dhanji Shah raises stake to 47.55%

0 min read Updated on 22 Jul 2026, 08:50 PM

Reviewed by

Jubin VScanX News Team

AI Summary

Promoter Hitendra Dhanji Shah acquired 2,000 equity shares of Three M Paper Boards on July 22, 2026, via an open market transaction, increasing his total holding to 47.55%. The disclosure was made under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

*this image is generated using AI for illustrative purposes only.

Promoter Hitendra Dhanji Shah increased his shareholding in Three M Paper Boards through an open market purchase on July 22, 2026. The acquisition of 2,000 equity shares raised his total stake in the company to 47.55%, reinforcing his position as a key shareholder in the coated duplex board manufacturer.

The disclosure was submitted to BSE Limited under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Rushabh Hitendra Shah, Managing Director, confirmed the transaction details in the filing submitted on behalf of the company.

Prior to this acquisition, Hitendra Dhanji Shah held 91,44,760 equity shares, representing 47.54% of the paid-up share capital. Following the purchase, his holding increased to 91,46,760 equity shares. The total equity share capital of the company remains at 19,23,73,600 shares.

Shareholding Details

Details	Information
Name of Acquirer	Hitendra Dhanji Shah
Category	Promoter
Type of Securities	Equity Shares
Securities Acquired	2,000
Mode of Acquisition	Open Market
Date of Transaction	22.07.2026
Pre-transaction Holding	91,44,760 (47.54%)
Post-transaction Holding	91,46,760 (47.55%)

Historical Stock Returns for Three M Paper Boards

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-2.81%	-6.48%	-18.52%	-41.77%	-68.36%

Does this increase in promoter shareholding signal potential strategic expansion plans for Three M Paper Boards?

Could the promoter's move to approach the 48% threshold trigger further open market purchases in the near term?

How might this reinforcement of promoter confidence influence institutional investor sentiment towards the stock?

Read Next Article

Promoter Rushabh Shah raises stake to 7.59% in Three M Paper Boards

0 min read Updated on 07 Jul 2026, 07:12 PM

Reviewed by

Ashish TScanX News Team

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AI Summary

Promoter Rushabh Hitendra Shah increased his shareholding in Three M Paper Boards Limited by acquiring 2,000 equity shares on July 6, 2026. This transaction raised his total voting rights to 7.59% from 7.58%. The disclosure was submitted to BSE Limited in compliance with SEBI regulations.

*this image is generated using AI for illustrative purposes only.

Promoter Rushabh Hitendra Shah increased his shareholding in Three M Paper Boards Limited by acquiring 2,000 equity shares through an open market transaction on July 6, 2026. The acquisition raised his total voting rights in the company to 7.59%, representing a change in the promoter group's stake.

The disclosure was submitted to BSE Limited by Hitendra Dhanji Shah, Whole Time Director, in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing detailed the acquirer's holdings before and after the transaction.

Prior to the transaction, Rushabh Hitendra Shah held 14,59,000 shares, accounting for 7.58% of the total paid-up share capital. Following the purchase, his holding increased to 14,61,000 shares. The transaction was executed on the BSE exchange.

Shareholding Details

Description	Number of Shares	% of Total Share Capital
Holding Before Acquisition
Shares carrying voting rights	14,59,000	7.58%
Acquisition Details
Shares acquired	2,000	0.01%
Holding After Acquisition
Shares carrying voting rights	14,61,000	7.59%