NewsOrders & DealsSachin Govindlal Modi Increases Shareholding in Narmada Macplast Drip Irrigation Systems to 8.32%Sachin Govindlal Modi Increases Shareholding in Narmada Macplast Drip Irrigation Systems to 8.32%
Sachin Govindlal Modi acquired 200,000 shares in Narmada Macplast Drip Irrigation Systems Ltd through open market purchase on January 20, 2026, increasing his shareholding from 7.76% to 8.32%. The transaction was disclosed under SEBI Takeover Regulations, with Modi confirming he is not part of the promoter group. The company maintains a total equity share capital of 36,230,000 shares listed on BSE.
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Sachin Govindlal Modi has disclosed a substantial acquisition of shares in Narmada Macplast Drip Irrigation Systems Ltd, filing the mandatory disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Share Acquisition Details
Modi acquired 200,000 shares of Narmada Macplast Drip Irrigation Systems Ltd through open market purchase on January 20, 2026. The transaction increased his total shareholding from 2,813,684 shares to 3,013,684 shares.
| Parameter: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares: | 2,813,684 | 3,013,684 | +200,000 |
| Shareholding %: | 7.76% | 8.32% | +0.56% |
| Voting Rights %: | 7.76% | 8.32% | +0.56% |
Transaction Structure
The acquisition was executed entirely through open market purchases, with Modi acquiring shares carrying voting rights. The disclosure confirms that Modi does not belong to the promoter or promoter group of the company.
| Detail: | Information |
|---|---|
| Acquisition Mode: | Open Market |
| Transaction Date: | January 20, 2026 |
| Shares Acquired: | 200,000 |
| Promoter Status: | No |
Company Share Capital
Narmada Macplast Drip Irrigation Systems Ltd maintains a total equity share capital of 36,230,000 shares, which remained unchanged following this transaction. The company's shares are listed on the Bombay Stock Exchange Ltd.
Regulatory Compliance
The disclosure was filed with both BSE Ltd and the target company as required under SEBI regulations. Modi, based in Ahmedabad, submitted the mandatory disclosure form on January 20, 2026, ensuring compliance with substantial acquisition reporting requirements.
This acquisition represents Modi's continued investment in the drip irrigation systems sector, with his enhanced shareholding position reflecting increased participation in the company's equity structure.
Historical Stock Returns for Narmada Macplast Drip Irrigation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.80% | -8.57% | -18.94% | +12.58% | +97.18% | +3,836.36% |
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