Promoter Hitendra Dhanji Shah has increased his stake in Three M Paper Boards Limited by acquiring 2,000 equity shares through an open market purchase on the Bombay Stock Exchange (BSE) on July 23, 2026. The transaction, valued at ₹51,940 excluding taxes and brokerage, raises his total holding to 91,48,760 shares, representing a 47.56% stake in the coated duplex board manufacturer. This acquisition signals continued confidence from the promoter group in the company’s long-term prospects.

The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to the BSE on July 23, 2026, by Rushabh Hitendra Shah, Managing Director of Three M Paper Boards Limited. The form specifies that the shares were purchased on the market, with the transaction date and intimation date both recorded as July 23, 2026.

Prior to this acquisition, Hitendra Dhanji Shah held 91,46,760 equity shares, constituting 47.55% of the company’s paid-up capital. The additional 2,000 shares bring his post-acquisition holding to 91,48,760 shares, or 47.56%. The marginal increase in percentage holding reflects the small size of the transaction relative to his existing substantial stake.

Transaction Details

The disclosure form, signed by Hitendra Dhanji Shah on July 23, 2026, confirms that the value of the transaction excludes taxes, brokerage, and other charges. As a promoter, Shah is required to continually disclose changes in his shareholding pattern under SEBI’s regulations to ensure transparency for investors.

Three M Paper Boards Limited, formerly known as Three M Paper Boards Pvt. Ltd. and Three M Paper Mfg. Co. Pvt. Ltd., operates its plant from MIDC, Kherdi-Chiplun, Dist. Ratnagiri, Maharashtra. The company is listed on the BSE with Scrip Code 544214. This routine disclosure ensures that market participants are aware of changes in the promoter’s ownership structure, which can influence investor sentiment and stock liquidity.

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