News Orders & Deals Orient Bell Promoter Mahendra K. Daga Increases Shareholding to 20.93% Through Open Market AcquisitionsOrient Bell Promoter Mahendra K. Daga Increases Shareholding to 20.93% Through Open Market Acquisitions
Mahendra K. Daga, promoter of Orient Bell Limited, acquired 5,850 shares through two open market transactions on March 2 and 4, 2026, increasing his shareholding from 20.90% to 20.93%. The acquisitions, conducted in compliance with SEBI regulations, demonstrate continued promoter confidence in the ceramics manufacturer. Daga's total holding now stands at 30,79,744 shares out of the company's equity capital of 14,71,04,760 shares.
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Orient Bell Limited has witnessed increased promoter participation as Mahendra K. Daga, a key promoter of the company, expanded his shareholding through strategic open market acquisitions in early March 2026.
Recent Share Acquisitions
According to regulatory filings submitted under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, Daga completed two separate share purchase transactions within a span of three days.
| Transaction Details: | First Purchase | Second Purchase |
|---|---|---|
| Date: | March 2, 2026 | March 4, 2026 |
| Shares Acquired: | 3,850 | 2,000 |
| Mode: | Open Market | Open Market |
| Percentage Impact: | 0.03% | 0.01% |
Shareholding Pattern Changes
The acquisitions have resulted in a gradual increase in Daga's stake in Orient Bell Limited. The promoter's shareholding progression demonstrates sustained confidence in the company's prospects.
| Shareholding Metrics: | Before Acquisitions | After Final Purchase | Change |
|---|---|---|---|
| Total Shares Held: | 30,73,894 | 30,79,744 | +5,850 |
| Percentage of Total Capital: | 20.90% | 20.93% | +0.03% |
| Percentage of Diluted Capital: | 20.82% | 20.86% | +0.04% |
Company Capital Structure
Orient Bell Limited maintains a stable capital structure with consistent equity share capital throughout the acquisition period. The company's shares are listed on both major Indian stock exchanges.
| Capital Structure Details: | Value |
|---|---|
| Equity Share Capital: | 14,71,04,760 |
| Total Diluted Share Capital: | 14,76,34,760 |
| Listed Exchanges: | NSE and BSE |
Regulatory Compliance
The transactions were conducted in full compliance with SEBI regulations, with proper disclosures filed within the stipulated timeframe. Daga, who belongs to the promoter and promoter group category, has fulfilled all regulatory requirements for substantial acquisition disclosures. The filings were submitted to BSE Limited's Corporate Relations Department, ensuring transparency in promoter shareholding changes.
These open market acquisitions reflect the promoter's continued commitment to the company while maintaining adherence to regulatory frameworks governing substantial shareholding changes in listed entities.
Historical Stock Returns for Orient Bell
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.67% | -7.92% | +1.60% | -8.56% | +6.99% | +23.64% |
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