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

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%

Historical Stock Returns for Three M Paper Boards

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-6.09%	-7.16%	-4.26%	-27.81%	-50.43%	-69.29%

Does this acquisition signal the beginning of a broader trend to increase the promoter's stake in the company?

How might this change in shareholding influence the company's strategic decisions or governance structure?

Is there potential for further open market purchases by the promoter group in the near future?

Read Next Article

Promoter raises stake to 7.56% in Three M Paper Boards

1 min read Updated on 17 Jun 2026, 11:20 AM

Reviewed by

Riya DScanX News Team

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AI Summary

Promoter Rushabh Hitendra Shah increased his shareholding in Three M Paper Boards Limited to 7.56% by acquiring 2,000 shares on June 16, 2026. The transaction, disclosed under SEBI takeover regulations, raised his holding from 7.55% to 7.56%.

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

Promoter Rushabh Hitendra Shah has increased his shareholding in Three M Paper Boards Limited to 7.56% through an open market acquisition. The disclosure, submitted to BSE Limited on June 16, 2026, details the purchase of 2,000 shares, increasing the acquirer's stake relative to the target company's total voting capital.

The transaction was executed pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Before the acquisition, Rushabh Hitendra Shah held 14,53,000 shares, accounting for 7.55% of the total share capital. The acquirer belongs to the promoter group of Three M Paper Boards Limited.

The equity share capital of Three M Paper Boards Limited remained unchanged at 19,23,73,600 equity shares before and after the acquisition. The total diluted share capital also stands at 19,23,73,600 equity shares.

Acquisition Details

The following table outlines the specific transaction undertaken by Rushabh Hitendra Shah on June 16, 2026:

Date	Nature of Transaction	Number of Shares	% w.r.t. Share Capital
June 16, 2026	Acquisition	2,000	0.01

Post-Acquisition Holding

Following the completion of this transaction, Rushabh Hitendra Shah holds a total of 14,55,000 shares carrying voting rights. This constitutes 7.56% of the total share capital and 7.56% of the total diluted share capital of Three M Paper Boards Limited. There are no shares encumbered or warrants held by the acquirer.

Historical Stock Returns for Three M Paper Boards