Three M Paper Boards Promoter Increases Shareholding to 7.54% via Open Market
Three M Paper Boards Limited disclosed that promoter Rushabh Hitendra Shah purchased 2,000 equity shares for ₹40,000 through open market transactions on BSE on March 23, 2026. This acquisition increased his shareholding from 14,49,000 shares (7.53%) to 14,51,000 shares (7.54%), representing a marginal increase of 0.01%. The disclosure was made under SEBI Regulation 29(2) for substantial acquisition of shares and takeovers.
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Three M Paper Boards Limited has disclosed a substantial acquisition of shares by promoter Rushabh Hitendra Shah under SEBI regulations. The promoter increased his stake in the company through an open market purchase transaction executed on March 23, 2026, as per the disclosure made under Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Transaction Details
The promoter acquired 2,000 equity shares through open market transactions on BSE, with the total transaction value amounting to ₹40,000. The purchase was completed on March 23, 2026, and the company submitted the required disclosure to BSE Limited on the same date.
| Parameter: | Details |
|---|---|
| Shares Purchased: | 2,000 |
| Transaction Value: | ₹40,000 |
| Transaction Date: | March 23, 2026 |
| Exchange: | BSE |
| Transaction Type: | Open Market Purchase |
| Mode of Acquisition: | Open Market |
Shareholding Changes
Following the acquisition, Rushabh Hitendra Shah's shareholding in Three M Paper Boards Limited increased marginally from 7.53% to 7.54%. The detailed shareholding comparison shows the impact of this transaction on the promoter's overall stake in the company.
| Shareholding: | Before Transaction | After Transaction |
|---|---|---|
| Number of Shares: | 14,49,000 | 14,51,000 |
| Percentage Holding: | 7.53% | 7.54% |
| Security Type: | Equity Shares | Equity Shares |
| Change in Shares: | - | 2,000 |
| Percentage Change: | - | 0.01% |
Regulatory Compliance
The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company submitted comprehensive details of the promoter's shareholding changes to BSE Limited as required under the regulatory framework. The equity share capital of the company remained unchanged at 19,23,73,600 shares before and after the transaction.
Company Information
Three M Paper Boards Limited operates in the paper manufacturing sector, specializing in coated duplex board, both side coated white board products. The company has its registered office at Royal Industrial Estate, Wadala, Mumbai, Maharashtra, and manufacturing plant at MIDC, Kherdi-Chiplun, Ratnagiri. The disclosure was signed by Whole Time Director Hitendra Shah (DIN: 00448925) on behalf of the company.
Historical Stock Returns for Three M Paper Boards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.50% | -14.80% | -33.45% | -49.38% | -44.48% | -77.07% |
Will Rushabh Hitendra Shah continue accumulating shares to reach the 10% threshold that would trigger additional regulatory disclosure requirements?
How might this promoter stake increase signal the company's confidence in the paper manufacturing sector's recovery prospects?
Could this share acquisition be part of a broader strategy to consolidate promoter control ahead of potential expansion plans or strategic initiatives?
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