T T Ltd promoter Sanjay Kumar Jain acquires 54,300 shares in open‑market purchase

What T T Ltd announced

T T Ltd (BSE: 514142) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 20 June 2026. The filing records that promoter Sanjay Kumar Jain acquired an additional 54,300 equity shares of the company in the open market, increasing his total holding to 6,043,095 shares.

Details of the acquisition

• Acquirer: Sanjay Kumar Jain, identified as belonging to the promoter group of T T Ltd.
• Mode of acquisition: Open‑market purchase.
• Acquisition period: 17 June 2026 to 18 June 2026.
• Shares acquired: 54,300 equity shares carrying voting rights.
• Post‑acquisition holding: 6,043,095 shares (0.0210 % of the diluted share capital).
• Pre‑acquisition holding: 5,988,795 shares.
• Total equity share capital: 258,310,944 shares (unchanged before and after the transaction).
• Diluted share capital: 258,310,944 shares, assuming full conversion of any convertible securities.

The filing shows no encumbrances, warrants, convertible securities or voting rights other than shares were involved in the transaction.

Regulatory context

Regulation 29(2) requires any person or group acquiring shares that cross prescribed thresholds to disclose the acquisition to the stock exchanges within two working days of the transaction. The purpose is to ensure transparency for investors and to monitor potential changes in control. Since Sanjay Kumar Jain is a promoter, the filing is mandatory even though the percentage acquired (0.021 %) is well below the typical trigger levels for a takeover.

Key facts at a glance

Why this matters for investors

The purchase does not alter the company’s capital structure; the total equity share capital remains at 258.31 million shares. Consequently, there is no dilution of existing shareholders’ voting power. However, the filing confirms that a promoter continues to increase his stake, which may be viewed by investors as a sign of confidence in the business. The transaction is fully compliant with SEBI’s disclosure requirements, providing transparency about share‑holding patterns.

"The acquisition was executed in the open market between 17 June and 18 June 2026 and disclosed on 20 June 2026 under Regulation 29(2)."

Conclusion

T T Ltd’s regulator‑mandated filing shows that promoter Sanjay Kumar Jain bought 54,300 shares in an open‑market transaction, raising his holding to just over 6 million shares, or 0.021 % of the diluted capital. The company’s share capital remains unchanged, and the disclosure satisfies SEBI’s requirement for timely reporting of promoter‑level share acquisitions. No further approvals or actions are pending as per the filing.

FAQs

• Q: What is Regulation 29(2) and why is it relevant here? A: Regulation 29(2) of the SEBI SAST Regulations obliges any person acquiring shares that could affect control to disclose the transaction to the exchanges within two days. The filing satisfies this requirement for promoter Sanjay Kumar Jain.

• Q: How many shares did Sanjay Kumar Jain hold before and after the purchase? A: He held 5,988,795 shares before the acquisition and 6,043,095 shares after acquiring an additional 54,300 shares.

• Q: What percentage of T T Ltd’s diluted share capital does the new holding represent? A: The post‑acquisition holding of 6,043,095 shares equals 0.021 % of the diluted share capital of 258,310,944 shares.

• Q: Did the acquisition involve any warrants, convertible securities or encumbered shares? A: No. The filing indicates that the transaction consisted solely of equity shares carrying voting rights, with no warrants, convertible securities, or encumbrances.

• Q: Will this transaction dilute existing shareholders? A: No. The total equity share capital of the company remains unchanged at 258,310,944 shares, so there is no dilution.

• Q: Are any further regulatory approvals required? A: The filing does not mention any pending approvals; the disclosure itself fulfills the SEBI reporting obligation.