NewsStocksSachin Govindlal Modi Increases Shareholding in Narmada Macplast Drip Irrigation to 7.62%Sachin Govindlal Modi Increases Shareholding in Narmada Macplast Drip Irrigation to 7.62%
Sachin Govindlal Modi, a promoter of Narmada Macplast Drip Irrigation Systems Ltd, acquired 27,713 shares through open market purchase on December 10, 2025, increasing his shareholding from 7.55% to 7.62%. The transaction was disclosed under SEBI regulations, with the company's total share capital remaining at 36,230,000 shares.
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Sachin Govindlal Modi, a promoter of Narmada Macplast Drip Irrigation Systems Ltd, has increased his shareholding in the company through a recent market acquisition. The transaction was disclosed to the Bombay Stock Exchange under SEBI regulations governing substantial acquisition of shares and takeovers.
Transaction Details
On December 10, 2025, Modi acquired 27,713 equity shares of the company through open market purchase. This acquisition represents 0.07% of the company's total share capital.
| Parameter | Before Acquisition | Acquisition | After Acquisition |
|---|---|---|---|
| Number of Shares | 2,734,516 | 27,713 | 2,762,229 |
| Shareholding Percentage | 7.55% | 0.07% | 7.62% |
| Voting Rights | 7.55% | 0.07% | 7.62% |
Shareholding Structure
The acquisition has resulted in Modi's total shareholding increasing from 7.55% to 7.62% of the company's equity share capital. His voting rights have correspondingly increased by the same percentage.
| Details | Specifications |
|---|---|
| Acquirer Status | Promoter/Promoter Group |
| Mode of Acquisition | Open Market |
| Transaction Date | December 10, 2025 |
| Total Company Share Capital | 36,230,000 shares |
Regulatory Compliance
The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Modi filed the necessary documentation with both BSE and the target company as required by the regulations.
Company Information
Narmada Macplast Drip Irrigation Systems Ltd is listed on the Bombay Stock Exchange with scrip code 517431. The company's total equity share capital and voting capital remain unchanged at 36,230,000 shares before and after this acquisition. The total diluted share capital also stands at 36,230,000 shares, indicating no outstanding convertible securities or warrants.
This acquisition demonstrates continued promoter confidence in the company, with Modi maintaining his position as a significant stakeholder in the drip irrigation systems manufacturer.
Historical Stock Returns for Narmada Macplast Drip Irrigation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.15% | +5.59% | +7.74% | +45.87% | +140.64% | +5,300.00% |
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