Sachin Modi increases stake in Narmada Macplast to 5.05% through open market deal
Sachin Govindlal Modi has significantly increased his stake in Narmada Macplast Drip Irrigation Systems Ltd through an open market acquisition of 913,831 shares on 27/03/2026. This transaction doubled his shareholding from 2.52% to 5.05%, representing his continued investment in the BSE-listed irrigation systems company. Modi has complied with SEBI regulations by filing the mandatory disclosure under the Substantial Acquisition of Shares and Takeovers Regulations, 2011.
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Sachin Govindlal Modi has filed a disclosure under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, following his latest acquisition of shares in Narmada Macplast Drip Irrigation Systems Ltd. The transaction resulted in a significant increase in his holding and voting rights in the irrigation systems company.
Latest Transaction Details
Modi executed the share acquisition through open market transactions on 27/03/2026. The disclosure reveals another substantial increase in his equity position in the company.
| Transaction Parameter: | Details |
|---|---|
| Shares Acquired: | 913,831 |
| Transaction Mode: | Open Market |
| Transaction Date: | 27/03/2026 |
| Percentage Acquired: | 2.52% |
Updated Shareholding Pattern
The latest transaction resulted in a notable change in Modi's ownership structure in Narmada Macplast Drip Irrigation Systems Ltd. His shareholding increased from 2.52% to 5.05%, representing a doubling of his stake in the company.
| Holding Period: | Number of Shares | Percentage of Total Capital | Percentage of Diluted Capital |
|---|---|---|---|
| Before Latest Transaction: | 913,831 | 2.52% | 2.52% |
| After Latest Transaction: | 1,827,662 | 5.05% | 5.05% |
| Net Change: | +913,831 | +2.52% | +2.52% |
Company and Regulatory Information
Narmada Macplast Drip Irrigation Systems Ltd maintains its listing on the Bombay Stock Exchange Ltd. The company's total equity share capital remained unchanged at 36,230,000 shares before and after the transaction.
| Company Details: | Information |
|---|---|
| Total Equity Capital: | 36,230,000 shares |
| Stock Exchange: | Bombay Stock Exchange Ltd |
| Scrip Code: | 517431 |
Disclosure Compliance
Modi, who does not belong to the promoter or promoter group, has fulfilled his regulatory obligations by filing the mandatory disclosure with BSE on 27/03/2026. The disclosure was made in accordance with Section 29(2) of SEBI's Substantial Acquisition Regulations, with a copy also filed separately with the target company as required under the regulations. The transaction represents a strategic increase in Modi's equity position while maintaining compliance with all applicable securities regulations.
Historical Stock Returns for Narmada Macplast Drip Irrigation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.20% | +11.24% | -17.41% | -10.21% | +25.59% | +3,210.91% |
Will Modi continue accumulating shares to reach the 10% threshold that would trigger additional regulatory requirements?
How might Modi's increased stake influence Narmada Macplast's strategic direction in the competitive drip irrigation market?
Could this substantial investment signal Modi's intention to seek board representation or operational involvement in the company?
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