Promoter Sachin Govindlal Modi Boosts Stake in Narmada Macplast Drip Irrigation Systems

1 min read Updated on 31 Oct 2025, 04:44 PM

Reviewed by

Naman SharmaScanX News Team

Overview

Sachin Govindlal Modi, a promoter of Narmada Macplast Drip Irrigation Systems Ltd, has increased his stake in the company. Modi acquired 40,441 shares through open market transactions, raising his shareholding from 6.08% (2,203,620 shares) to 6.19% (2,244,061 shares) of the company's total share capital. The acquisition was disclosed in compliance with SEBI regulations. The company's total equity share capital remains at 36,230,000 shares.

*this image is generated using AI for illustrative purposes only.

Narmada Macplast Drip Irrigation Systems Ltd has reported a significant change in its shareholding pattern as one of its promoters, Sachin Govindlal Modi, increased his stake in the company through open market transactions.

Stake Increase Details

Aspect	Before Acquisition	After Acquisition	Change
Number of Shares	2,203,620	2,244,061	40,441
Shareholding Percentage	6.08%	6.19%	0.11%

Sachin Govindlal Modi acquired 40,441 shares of Narmada Macplast Drip Irrigation Systems Ltd through open market transactions. This acquisition has resulted in an increase in his shareholding from 6.08% to 6.19% of the company's total share capital.

Regulatory Compliance

The acquisition was completed and disclosed in accordance with the Securities and Exchange Board of India (SEBI) regulations for substantial acquisition of shares. This transparency ensures that all stakeholders are informed about significant changes in the company's ownership structure.

Company Share Capital

The total equity share capital of Narmada Macplast Drip Irrigation Systems Ltd remains unchanged at 36,230,000 shares following this transaction.

Implications

This development may be of interest to existing shareholders and potential investors as it demonstrates continued confidence in the company by one of its promoters. However, as with any investment decision, it's crucial for individuals to conduct their own research and consider their financial goals before making any investment choices.

Read Next Article

Sachin Govindlal Modi Increases Stake in Narmada Macplast Drip Irrigation Systems

1 min read Updated on 28 Oct 2025, 05:10 PM

Reviewed by

Jubin VergheseScanX News Team

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Overview

Sachin Govindlal Modi has acquired 53,000 additional shares of Narmada Macplast Drip Irrigation Systems Ltd in the open market. This transaction increased his shareholding from 2,081,076 shares (5.74%) to 2,134,076 shares (5.89%) of the company's total voting capital. The acquisition was disclosed in compliance with SEBI regulations. Narmada Macplast Drip Irrigation Systems Ltd is listed on the Bombay Stock Exchange with a total equity share capital of 36,230,000 shares.

*this image is generated using AI for illustrative purposes only.

Sachin Govindlal Modi has increased his shareholding in Narmada Macplast Drip Irrigation Systems Ltd through a recent acquisition of shares in the open market. The transaction saw Modi acquire an additional 53,000 shares of the company.

Transaction Details

Aspect	Before Transaction	After Transaction
Shares Held	2,081,076	2,134,076
Shareholding Percentage	5.74%	5.89%

This acquisition has resulted in a modest increase in Modi's stake in the company, pushing his total shareholding from 5.74% to 5.89% of the company's total voting capital.

Regulatory Compliance

In line with the Securities and Exchange Board of India (SEBI) regulations, Modi has disclosed this substantial acquisition of shares. Such disclosures are mandatory for transactions that significantly alter an individual's shareholding in a publicly listed company.

Company Overview

Narmada Macplast Drip Irrigation Systems Ltd is listed on the Bombay Stock Exchange. The company has a total equity share capital of 36,230,000 shares.

This transaction highlights the continued interest of significant shareholders in the company, which may be of note to other investors and market watchers. However, as with all investment decisions, it's important for investors to conduct their own research and consider multiple factors before making any investment choices.