Linc Ltd. files SEBI 29(2) disclosure for share acquisition by Bimla Devi Jalan

What Linc Ltd. announced

Linc Ltd. (BSE: 531241) filed a disclosure on 27 June 2026 under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing reports that Bimla Devi Jalan has acquired a substantial block of Linc Ltd. shares, thereby invoking the mandatory reporting requirements of the takeover code.

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Bimla Devi Jalan."

The company did not provide further details such as the number of shares acquired, the percentage of total equity, or the consideration paid.

Regulation 29(2) – reporting requirements

Regulation 29(2) mandates that any person who acquires shares crossing the 5 % threshold (or any subsequent increase of 1 % thereafter) must immediately disclose the acquisition to the stock exchange. The disclosure must include:

• Name of the acquirer
• Number of shares acquired
• Percentage of total share capital
• Source of funds (if required)
• Any agreements or arrangements related to the acquisition

In this case, the filing confirms the identity of the acquirer—Bimla Devi Jalan—but omits the quantitative details, which may be furnished in a subsequent filing or a separate statement.

What is known about the acquirer

Bimla Devi Jalan is identified as an individual investor. The filing does not indicate whether she is acting alone, on behalf of a group, or through a corporate vehicle. No information on her prior holdings in Linc Ltd. or her strategic intent was disclosed.

Key facts at a glance

Why this matters for investors

The filing signals that a significant shareholder has entered the capital structure of Linc Ltd. Under the SEBI takeover code, such acquisitions can lead to further disclosures, potential open‑offer obligations, or changes in control dynamics. Investors should monitor subsequent filings for the exact shareholding percentage and any related agreements, as these will clarify whether the acquisition could influence corporate governance or strategic direction.

Conclusion

Linc Ltd. has complied with SEBI’s mandatory reporting by filing a Regulation 29(2) disclosure for the share purchase by Bimla Devi Jalan on 27 June 2026. While the filing confirms the existence of a substantial acquisition, it does not reveal the size of the stake or the transaction terms. Additional disclosures are expected to provide a complete picture of the impact on Linc Ltd.’s shareholding pattern.