Indo City Infotech files SEBI Reg 29(2) disclosure on Times Growth Securities

What Indo City Infotech announced

Indo City Infotech Ltd (BSE: 532100) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing, received by the Bombay Stock Exchange on 18 June 2026, pertains to a share acquisition in Times Growth Securities Ltd. No additional information such as the number of shares acquired, the percentage of holding, or the consideration amount was provided in the filing.

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Times Growth Securities Ltd."

Details of the Regulation 29(2) filing

Regulation 29(2) requires any person or entity acquiring a substantial shareholding in a listed company to disclose the acquisition to the stock exchange within a prescribed time frame. A "substantial acquisition" is defined as acquiring shares that result in holding 5% or more of the voting power, or any increase that crosses a threshold of 1% after already holding 5%.

Indo City Infotech's filing confirms that it has made such an acquisition in Times Growth Securities Ltd, but the filing itself does not reveal the exact size of the stake or the price paid. The lack of quantitative details is typical for initial disclosures where the acquirer may still be finalising the transaction or awaiting further regulatory clearances.

Key facts at a glance

Why this matters for investors

The filing signals that Indo City Infotech is expanding its investment footprint into Times Growth Securities Ltd. For shareholders of Indo City, the acquisition could affect the company's capital allocation and risk profile, depending on the size and strategic purpose of the stake. The disclosure also means that SEBI will monitor the transaction for compliance with takeover rules, and any further increase in shareholding will require additional filings.

Investors should watch for subsequent disclosures that may reveal the exact stake size, the consideration paid, and any board approvals required. Such information will clarify the financial impact on Indo City Infotech and any potential synergies or strategic benefits envisaged from the investment.

Conclusion

Indo City Infotech has formally notified the BSE of a substantial share acquisition in Times Growth Securities Ltd under SEBI's Regulation 29(2). While the filing confirms the intent, it does not disclose the magnitude of the stake or the transaction value. Further filings are expected to provide those details and outline any regulatory approvals needed.