Orient Bell Promoter Mahendra K. Daga Increases Shareholding to 20.73% Through Open Market Purchase

1 min read Updated on 06 Feb 2026, 10:39 AM

Reviewed by

Shriram SScanX News Team

Overview

Mahendra K. Daga, promoter of Orient Bell Limited, acquired 2,541 additional shares through open market purchase on 04.02.2026, increasing his shareholding from 20.72% to 20.73%. The acquisition was disclosed under SEBI regulations, with the promoter's total holding rising from 30,47,529 to 30,50,070 shares. Orient Bell's equity share capital remains at 14,71,04,760 shares, with total diluted capital at 14,76,34,760 shares.

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

Orient Bell Limited's promoter Mahendra K. Daga has increased his shareholding in the company through an open market purchase, according to a regulatory disclosure filed with the stock exchanges.

Share Acquisition Details

The promoter acquired 2,541 shares carrying voting rights on 04.02.2026 through open market transactions. This acquisition represents 0.02% of the company's total share capital and diluted share capital.

Parameter	Before Acquisition	Acquisition	After Acquisition
Number of Shares	30,47,529	2,541	30,50,070
% of Total Share Capital	20.72%	0.02%	20.73%
% of Diluted Share Capital	20.64%	0.02%	20.66%

Company Share Capital Structure

The disclosure reveals Orient Bell Limited's current capital structure following the transaction:

Capital Details	Shares
Equity Share Capital (Before & After)	14,71,04,760
Total Diluted Share Capital	14,76,34,760

The company's equity share capital remained unchanged at 14,71,04,760 shares, while the total diluted share capital stands at 14,76,34,760 shares, accounting for outstanding convertible securities and warrants.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Mahendra K. Daga filed the necessary documentation with BSE Limited's Corporate Relations Department on 05.02.2026, one day after the share acquisition.

Stock Exchange Listing

Orient Bell Limited's shares are listed on two major Indian stock exchanges:

National Stock Exchange of India Ltd.
BSE Ltd.

The acquisition strengthens the promoter's position in the company, with Mahendra K. Daga maintaining his status as a key stakeholder in the promoter and promoter group category. The transaction was conducted through regular market mechanisms, demonstrating continued confidence in the company's prospects.

Historical Stock Returns for Orient Bell

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.99%	+1.20%	-5.85%	-10.89%	-1.08%	+21.30%

Orient Bell

View Company Insights

View All News

Orient Bell Limited Issues Clarification on Share Acquisition Disclosure Error

1 min read Updated on 04 Feb 2026, 12:38 PM

Reviewed by

Suketu GScanX News Team

Add as a preferred
source on Google

Overview

Orient Bell Limited issued a clarification on February 4, 2026, regarding errors in shareholding disclosures filed under SEBI regulations for a 250-share acquisition. The company corrected the acquirer's holding figures from the incorrectly reported 30,44,308 to 30,44,558 shares to the accurate 30,44,808 to 30,45,058 shares. While confirming timely submission of original disclosures, the company committed to filing revised disclosures shortly.

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

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.

Parameter	Incorrect Figure	Correct Figure
Holding Before Acquisition	30,44,308 shares	30,44,808 shares
Holding After Acquisition	30,44,558 shares	30,45,058 shares
Shares Purchased	250 shares	250 shares

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.

Historical Stock Returns for Orient Bell