Three M Paper Boards Limited promoter Rushabh Hitendra Shah acquired 2,000 equity shares through the open market on July 28, 2026, signaling continued confidence in the coated duplex board manufacturer. The transaction, valued at ₹50,500 excluding taxes and brokerage, increased his total holding to 14,63,000 shares, representing a 7.61% stake in the company’s voting capital.

The disclosure was submitted to the Bombay Stock Exchange (BSE) on July 29, 2026, in compliance with Regulation 7(1)(b) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Hitendra Dhanji Shah, Whole Time Director of Three M Paper Boards Limited, signed the filing. The company’s equity share capital remained unchanged at 19,23,73,600 shares following the transaction.

Transaction Details

Rushabh Hitendra Shah purchased the shares directly from the open market on the BSE. Prior to this acquisition, he held 14,61,000 shares, accounting for 7.59% of the total shareholding. The addition of 2,000 shares brought his post-acquisition stake to 14,63,000 shares or 7.61%. No warrants, convertible securities, or other instruments were involved in the transaction.

The annexure to the disclosure confirms that Rushabh Hitendra Shah belongs to the promoter group and his holding remains free of encumbrances such as pledges or liens. The open market mode of acquisition indicates a standard trading activity rather than a block deal or off-market transfer. There were no changes in voting rights otherwise than by shares.

Promoter Holding Structure

Three M Paper Boards Limited, formerly known as Three M Paper Boards Pvt. Ltd. and Three M Paper Mfg. Co. Pvt. Ltd., is listed on the BSE under Scrip Code 544214. The company manufactures coated duplex board and white board products from its plant located in Kherdi-Chiplun, Ratnagiri district, Maharashtra. The total diluted share/voting capital stood at 19,23,73,600 shares both before and after the purchase.

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.