HP Cotton Textile Mills files Reg 29(2) disclosure on share acquisition by Ghanshyam Das Agarwal

What HP Cotton Textile Mills announced

On 15 June 2026, HP Cotton Textile Mills Ltd (BSE: 502873) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing indicates that Mr Ghanshyam Das Agarwal has acquired shares in the company, triggering the statutory reporting requirement.

Details of the Reg 29(2) filing

The notice, filed through the BSE portal at 11:48 UTC, does not contain specific figures such as the number of shares purchased, the price paid, or the percentage of the company's paid‑up capital that the acquisition represents. The filing simply records the identity of the acquirer – Ghanshyam Das Agarwal – and confirms that the acquisition meets the threshold for mandatory disclosure under SEBI rules.

Key facts at a glance

Why this matters for investors

Regulation 29(2) requires any person or entity acquiring shares that cross the 1% threshold of a listed company's paid‑up capital to disclose the transaction to the stock exchanges. Such disclosures enhance market transparency by informing shareholders and potential investors about changes in ownership structure. While the exact size of Mr Agarwal’s stake is not provided, the filing confirms that the acquisition is material enough to meet the regulatory trigger, which could have implications for voting power, board composition, or future strategic direction.

Conclusion

HP Cotton Textile Mills has complied with SEBI’s disclosure requirements by filing a Reg 29(2) notice for the share acquisition by Ghanshyam Das Agarwal on 15 June 2026. The filing does not reveal the stake size, and no further corporate actions or approvals are indicated at this stage. Investors should monitor subsequent disclosures for any updates on the shareholding pattern or related corporate resolutions.