Sachin Modi Increases Stake to 7.76% in Narmada Macplast Drip Irrigation
Sachin Govindlal Modi, promoter of Narmada Macplast Drip Irrigation Systems Ltd, has further increased his shareholding to 7.76% through the acquisition of 51,455 shares via open market transactions. This latest purchase, disclosed under SEBI regulations, represents a 0.14% increase from his previous 7.62% holding, demonstrating continued confidence in the irrigation systems company.
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Narmada Macplast Drip Irrigation Systems Ltd, a player in the irrigation systems sector, has witnessed another increase in promoter shareholding. Sachin Govindlal Modi, a promoter of the company, has further increased his stake through open market transactions on December 18, 2025, as disclosed in a regulatory filing with the Bombay Stock Exchange (BSE) under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Latest Transaction Details
The updated disclosure reveals Modi's continued investment in the company through market purchases:
| Transaction Parameter: | Details |
|---|---|
| Promoter Name: | Sachin Govindlal Modi |
| Shares Acquired: | 51,455 |
| Mode of Acquisition: | Open Market |
| Transaction Date: | December 18, 2025 |
| Previous Shareholding: | 7.62% (27,62,229 shares) |
| Current Shareholding: | 7.76% (28,13,684 shares) |
| Percentage Increase: | 0.14% |
Shareholding Pattern Analysis
This represents Modi's second notable acquisition in recent times, demonstrating continued confidence in the company's prospects. The promoter's shareholding has now increased from an earlier 6.67% to the current 7.76%, reflecting a systematic accumulation of shares through open market purchases.
| Shareholding Timeline: | Percentage |
|---|---|
| Earlier Position: | 6.67% |
| Previous Position: | 7.62% |
| Current Position: | 7.76% |
| Total Increase: | 1.09% |
Regulatory Compliance
The disclosure has been made in compliance with SEBI regulations that mandate reporting of substantial acquisitions. Modi, whose PAN is AHVPM3349N and is based in Ahmedabad, has filed the necessary documentation with both the stock exchange and the target company as required under the regulations.
Company Profile
Narmada Macplast Drip Irrigation Systems Ltd operates in the plastic products sector, specifically focusing on irrigation systems crucial for agricultural productivity. The company's total equity share capital remains unchanged at 3,62,30,000 shares, with the promoter's increased stake representing a larger portion of this base.
The consistent increase in promoter shareholding often signals management's confidence in the company's business prospects and future growth potential, providing positive sentiment for existing and potential investors in the irrigation systems sector.
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