Manaksia Coated Metals files SEBI Reg 29(2) disclosure for Sushil Kumar Agrawal and PACs

What Manaksia Coated Metals announced

Manaksia Coated Metals & Industries Ltd filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 25 June 2026. The filing relates to Sushil Kumar Agrawal and persons acting in concert (PACs) who have acquired a shareholding that meets the statutory trigger for a substantial acquisition.

The company’s filing, submitted to the Bombay Stock Exchange, does not contain further quantitative details such as the number of shares acquired or the percentage of total equity held by the acquirer.

Details of the Reg 29(2) filing

Regulation 29(2) requires any person or group of persons acting in concert to disclose to the stock exchange when their shareholding in a listed company crosses any of the prescribed thresholds (typically 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%). The disclosure must be made within two trading days of the acquisition.

In this case, the filing identifies Sushil Kumar Agrawal and associated PACs as the acquirers. No information on the exact share count, the price paid, or the source of funds was provided in the announcement.

Key facts at a glance

Why this matters for investors

The Reg 29(2) filing alerts shareholders that a significant shareholder has emerged, which could influence future corporate actions such as board composition, strategic decisions, or potential take‑over proposals. While the exact size of the stake is not disclosed, crossing any statutory threshold obliges the acquirer to keep the market informed of further changes in shareholding. Investors should monitor subsequent disclosures for updates on the size of the holding and any intentions expressed by the acquirer.

Conclusion

Manaksia Coated Metals has complied with SEBI’s takeover disclosure requirements by reporting that Sushil Kumar Agrawal and related parties have acquired a substantial shareholding as of 25 June 2026. The filing does not reveal the precise share count or percentage, and no additional information on the purpose of the acquisition was provided. Further disclosures may be required if the acquirer's stake changes or if any corporate actions are proposed.