Minaxi Textiles files SEBI SAST disclosure for share acquisition by Mayadevi Kabra

What Minaxi Textiles announced

Minaxi Textiles Ltd (BSE: 531456) disclosed on 24 June 2026 that it has received a filing under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing pertains to an acquisition of its shares by Mayadevi Kabra. The regulation mandates that any party acquiring a substantial shareholding must inform the stock exchange, enabling market participants to monitor changes in control.

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

The announcement does not provide the exact number of shares acquired, the percentage of the total equity, or the consideration paid.

Disclosure details under Regulation 29(2)

Regulation 29(2) requires a person who acquires shares that cross any of the prescribed thresholds (typically 5%, 10%, 15%, etc.) to file a notice with the exchange within two trading days of the acquisition. The filing must include:

• Name of the acquirer (Mayadevi Kabra).
• Number of shares acquired and the percentage of total equity.
• Source of funds used for the acquisition.
• Any agreement or arrangement related to the acquisition.

In this case, Minaxi Textiles has only confirmed receipt of the notice; the detailed schedule of shares and related particulars are not part of the public excerpt.

Key facts at a glance

Why this matters for investors

The filing signals that a significant shareholder has taken a stake in Minaxi Textiles. While the exact size of the holding is unknown, the requirement to file under Regulation 29(2) implies that the acquisition crossed at least one statutory threshold (commonly 5% of the issued share capital). Such a development can affect voting dynamics, board composition, and future strategic direction. Investors should monitor subsequent disclosures, as SEBI may require additional filings if the stake increases or if any agreements influencing control are entered into.

Conclusion

Minaxi Textiles has formally reported a substantial share acquisition by Mayadevi Kabra under SEBI’s SAST framework. The current filing does not reveal the magnitude of the stake, but it confirms that a threshold has been crossed, triggering regulatory reporting. Further details are expected in future disclosures as required by SEBI.