Seshasayee Paper and Boards reports promoter purchase of 3,767 shares at Rs 225.32

What Seshasayee Paper and Boards announced

On 30 June 2026 the company filed a disclosure with the Bombay Stock Exchange (BSE) under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records that Time Square Investments Private Limited – identified in the filing as a promoter of Seshasayee Paper and Boards Ltd – acquired 3,767 equity shares of the company through open‑market purchases on the National Stock Exchange (NSE) on 29 June 2026.

The shares were bought at a price of Rs 225.32 per share. The transaction represents a 0.006 % increase in the promoter’s stake relative to the total equity share capital of 63,068,140 shares (face value Rs 2 each). The filing does not indicate any change in control or a trigger for a mandatory open offer.

Details of the share acquisition

• Acquirer: Time Square Investments Private Limited, registered in Chennai, CIN U65993TN1985PTC011819. The filing explicitly states that the acquirer belongs to the promoter group of Seshasayee Paper and Boards.
• Number of shares acquired: 3,767 equity shares.
• Percentage of total capital: 0.006 % of the company’s equity share capital.
• Purchase price: Rs 225.32 per share, amounting to an approximate total outlay of Rs 849,000 (3,767 × 225.32).
• Mode of acquisition: Open‑market purchases on the NSE.
• Date of acquisition: 29 June 2026.
• Post‑acquisition promoter holding: After the purchase, Time Square Investments’ holding rose to 6,446,269 shares, which is 10.221 % of the total share capital.

The filing also provides a snapshot of the promoter’s holdings before and after the transaction, confirming that the acquisition was additive rather than a reshuffle of existing shares.

Regulatory filing and compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The regulation requires any person acquiring shares that cross certain thresholds to inform the stock exchanges and the company within a prescribed time‑frame. In this case, the acquisition did not cross the 5 % trigger that would mandate a mandatory open offer under the SEBI Takeover Code.

The filing was submitted to the BSE on 30 June 2026 at 06:23:16 UTC and a copy was also sent to the National Stock Exchange (NSE). No further approvals or consents were indicated as necessary in the filing.

Key facts at a glance

Why this matters for investors

The transaction is a minor incremental purchase by an existing promoter. Because the number of shares bought represents only 0.006 % of the total equity, the immediate dilution impact on existing shareholders is negligible. However, the filing does confirm that the promoter’s overall stake has risen to just over 10 %, which may be relevant for investors monitoring promoter confidence and voting power.

Since the acquisition does not breach any statutory thresholds, no mandatory open offer is triggered, and the company’s capital structure remains unchanged. The disclosure satisfies SEBI’s transparency requirements, ensuring that the market is aware of any material changes in shareholding patterns.

Conclusion

Seshasayee Paper and Boards Ltd has recorded a small open‑market purchase by its promoter, Time Square Investments, of 3,767 shares at Rs 225.32 each on 29 June 2026. The acquisition raises the promoter’s holding to roughly 10.22 % of the company’s equity but does not alter control dynamics or trigger additional regulatory obligations. The filing, made on 30 June 2026, fulfills SEBI’s disclosure mandate and provides investors with a clear view of the updated shareholding pattern.