Orient Bell Limited has issued a clarification to stock exchanges regarding inadvertent errors in shareholding disclosures filed under SEBI regulations. The company addressed discrepancies in figures reported for a recent share acquisition transaction.

Disclosure Error Details

The clarification pertains to disclosures submitted on February 2, 2026, under two key SEBI regulations. The company filed under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015, while the acquirer submitted disclosures under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance

The company emphasized that both disclosures were submitted within the time limits prescribed under relevant law. Company Secretary and Head - Legal Yogesh Mendiratta signed the clarification notice dated February 4, 2026, confirming the company's commitment to accurate regulatory reporting.

Corrective Action

Orient Bell Limited has committed to submitting revised disclosures shortly to rectify the inadvertent errors. The clarification was communicated to both BSE Limited and National Stock Exchange of India Ltd, ensuring transparency with all relevant stakeholders.

The company's proactive approach in identifying and correcting the disclosure errors demonstrates adherence to corporate governance standards and regulatory compliance requirements.

Orient Bell promoter Mahendra K. Daga has acquired additional equity shares in the company through open market purchase, as disclosed in a regulatory filing dated February 2, 2026. The transaction represents a routine shareholding adjustment by the promoter group member.

Transaction Details

The acquisition involved 250 equity shares purchased through open market on January 30, 2026. This disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which mandates reporting of substantial acquisitions by promoters and persons acting in concert.

Shareholding Pattern Changes

The acquisition resulted in a marginal increase in Daga's absolute shareholding while maintaining his percentage stake in the company. His total holding increased from 30,44,308 shares to 30,44,558 shares.

Company Capital Structure

Orient Bell Limited's equity share capital remained unchanged at 14,71,04,760 shares before and after the transaction. The company's total diluted share capital, which includes convertible securities, stands at 14,76,34,760 shares.

Regulatory Compliance

The disclosure demonstrates adherence to SEBI regulations governing substantial acquisitions. Orient Bell Limited is listed on both the National Stock Exchange of India Limited and BSE Limited, requiring compliance with disclosure norms for promoter transactions.

Mahendra K. Daga confirmed his status as a promoter group member in the filing, with his registered address listed as D1/6, Vasant Vihar, New Delhi- 110057. The transaction reflects ongoing promoter confidence in the company's prospects while maintaining regulatory transparency.