Three M Paper promoter Rushabh Shah buys 2,000 shares on market
Three M Paper Boards Ltd reported that promoter Rushabh Hitendra Shah bought 2,000 shares on August 20, 2026, for ₹48,400. The acquisition, made via the BSE, raises his stake to 14,73,000 shares (7.66%). The disclosure was filed under Regulation 29(2) of the SEBI (SAST) Regulations, 2011.
*this image is generated using AI for illustrative purposes only.
Three M Paper Boards disclosed that promoter Rushabh Hitendra Shah acquired 2,000 equity shares through an on-market transaction on August 20, 2026. The purchase was executed on the Bombay Stock Exchange (BSE) and valued at ₹48,400, excluding taxes and brokerage charges. This acquisition brings Shah’s total holding to 14,73,000 shares, which constitutes 7.66% of the company’s equity capital.
The transaction falls under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted by the company to the BSE Department of Corporate Relationship on the same date. Hitendra Dhanji Shah, the Whole Time Director, signed the filing, confirming the receipt of the intimation from the promoter.
Transaction Details
| Metric: | Value |
|---|---|
| Promoter Name: | Rushabh Hitendra Shah |
| Date of Acquisition: | August 20, 2026 |
| Number of Shares Acquired: | 2,000 |
| Transaction Value: | ₹48,400 |
| Mode of Acquisition: | On-market (BSE) |
| Pre-acquisition Holding: | 14,71,000 shares (7.65%) |
| Post-acquisition Holding: | 14,73,000 shares (7.66%) |
Shah held 14,71,000 shares, or 7.65% of the company, prior to this transaction. The incremental purchase of 2,000 shares represents a marginal increase in his ownership percentage. The value per share implied by the transaction is approximately ₹24.20, derived from the total consideration of ₹48,400 for the 2,000 units.
What the Numbers Show
The promoter’s decision to add to his stake via an open-market purchase signals confidence in the company’s near-term prospects. While the volume of 2,000 shares is modest relative to his existing holding of over 14 lakh shares, the action results in a slight uptick in his percentage stake from 7.65% to 7.66%. This type of continual disclosure under SEBI regulations ensures transparency regarding changes in promoter group holdings.
Historical Stock Returns for Three M Paper Boards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.87% | +1.63% | -6.12% | -18.70% | -43.63% | -69.44% |
Will this incremental stake acquisition by Rushabh Hitendra Shah signal a larger trend of promoter consolidation or upcoming strategic initiatives at Three M Paper Boards?
How might this on-market purchase influence retail investor sentiment and short-term trading volume for Three M Paper Boards shares on the BSE?
Given the modest transaction size, are there indications of further bulk acquisitions or block deals planned by the promoter group in the near future?
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