News Corporate Actions ABATE AS Industries Promoter Group Increases Shareholding to 1.16% Through Open Market PurchaseABATE AS Industries Promoter Group Increases Shareholding to 1.16% Through Open Market Purchase
Al Salama Eye Research Foundation, a promoter group entity of ABATE AS Industries Limited, has increased its shareholding from 0.86% to 1.16% through the acquisition of 4,72,349 equity shares worth ₹51,68,825. The open market purchases were executed on March 5-6, 2026, through BSE, with the disclosure made under SEBI regulations on March 9, 2026. This transaction demonstrates the promoter group's continued confidence in the company.
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ABATE AS Industries Limited has announced that Al Salama Eye Research Foundation, a promoter group entity, has increased its shareholding in the company through open market purchases. The transaction was disclosed under Regulation 7(2) of the SEBI Prohibition of Insider Trading Regulations, 2015.
Transaction Details
The promoter group entity executed a significant equity purchase over two days in March 2026. The acquisition demonstrates continued confidence from the promoter group in the company's prospects.
| Parameter: | Details |
|---|---|
| Acquiring Entity: | Al Salama Eye Research Foundation |
| Transaction Type: | Open Market Purchase |
| Shares Acquired: | 4,72,349 equity shares |
| Transaction Value: | ₹51,68,825 |
| Transaction Dates: | March 5-6, 2026 |
| Exchange: | BSE |
Shareholding Changes
The acquisition resulted in a notable increase in the promoter group's stake in ABATE AS Industries. The foundation's shareholding percentage increased by 30 basis points following the transaction.
| Shareholding Status: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Number of Shares: | 13,61,334 | 18,33,683 | +4,72,349 |
| Percentage Holding: | 0.86% | 1.16% | +0.30% |
Regulatory Compliance
The company has fulfilled its regulatory obligations by disclosing the transaction details to BSE Limited. Key compliance aspects include:
- Disclosure made under SEBI Prohibition of Insider Trading Regulations, 2015
- Intimation provided to the company on March 9, 2026
- Form-C filing completed with all required transaction details
- No derivative trading reported in connection with this transaction
About Al Salama Eye Research Foundation
Al Salama Eye Research Foundation, the acquiring entity, is based in Perinthalamanna, Kerala. The foundation holds promoter group status in ABATE AS Industries Limited and is represented by Asharaf Samsudeen A. The entity's increased investment reflects its continued commitment to the company's growth trajectory.
The transaction was completed entirely through open market purchases on BSE, ensuring transparency and adherence to market regulations. The disclosed value excludes taxes, brokerage, and other charges as per standard reporting practices.
Historical Stock Returns for Abate AS Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | +2.70% | +3.60% | -40.82% | -38.67% | +22.15% |
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