Sancode Technologies files Reg 29(2) disclosure for Khushboo Jain and PACs

What Sancode Technologies announced

On 21 July 2026, Sancode Technologies Ltd (BSE: 543897) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The notice pertains to Khushboo Jain and persons acting in concert (PACs) who have indicated an intention to acquire a substantial shareholding in the company. The filing was made through the Bombay Stock Exchange and is publicly available via the BSE portal.

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Khushboo Jain & PACs."

The filing does not provide specifics on the number of shares, the percentage of the equity targeted, or the monetary value of the proposed acquisition.

Details of the Regulation 29(2) filing

Regulation 29(2) requires any person or group of persons who intend to acquire more than 25 % of the voting rights of a listed entity to notify the stock exchange within two trading days of the acquisition. The notice must include:

• Identity of the acquirer(s) and any PACs;
• The number of shares already held and the additional shares intended to be acquired;
• The source of funds for the acquisition. In this case, the filing confirms that Khushboo Jain and associated PACs have complied with the notification requirement, but the exact figures remain undisclosed.

Key facts at a glance

Why this matters for investors

The receipt of a Reg 29(2) notice indicates that a significant shareholder is seeking to increase its stake, which could affect the company’s control dynamics and future strategic direction. While the exact size of the intended acquisition is unknown, the regulatory requirement itself suggests the stake may be material (potentially above the 25 % threshold). Investors should monitor subsequent disclosures for details on share count, pricing, and any conditions attached to the acquisition, as these will clarify the impact on voting power and possible dilution.

Conclusion

Sancode Technologies has formally recorded a Reg 29(2) disclosure for Khushboo Jain and associated PACs, signalling an intent to acquire a substantial shareholding. The filing does not reveal the scale of the transaction, and further information will be required to assess the full implications for shareholders. The company and the acquirers must now comply with SEBI’s procedural requirements before any share transfer can be effected.