Vibhor Steel Tubes discloses promoter's purchase of 2,100 shares (0.01%)

What Vibhor Steel Tubes announced

Vibhor Steel Tubes Limited (formerly Vibhor Steel Tubes Private Limited) filed a disclosure with the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on 15 June 2026. The filing, made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, informs that its promoter and director, Mr. Vijay Kumar Kaushik, purchased 2,100 equity shares of the company through an open‑market transaction on 12 June 2026.

The company’s compliance officer, Mrs. Pallavi Aggarwal, submitted the required annexure and requested the exchanges to record the information.

"In compliance with the provision of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, it is informed that Mr. Vijay Kumar Kaushik, Promoter and Director of the company acquired 2,100 (0.01%) equity shares of the company through open market transaction on June 12, 2026."

Details of the acquisition

• Acquirer: Mr. Vijay Kumar Kaushik, promoter and director of Vibhor Steel Tubes Ltd (DIN 02249672).
• Number of shares acquired: 2,100 equity shares.
• Percentage of total paid‑up capital: 0.01% (the company’s paid‑up equity capital stands at 1,89,62,443 shares of Rs 10 each, amounting to Rs 18.96 crore).
• Acquisition price: Rs 119.5342 per share.
• Mode of acquisition: Open market purchase on the NSE.
• Date of acquisition: 12 June 2026.
• Post‑acquisition promoter holding: The promoter’s total holding rose from 41,68,300 shares (21.98% of total) to 41,70,400 shares (21.99% of total).

The filing also reiterates that the promoter belongs to the promoter group and that the shares are listed on both NSE and BSE.

Regulatory filing under SEBI Regulation 29(2)

Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, mandates that any person acquiring shares which cross the 0.5% threshold of a listed company’s paid‑up capital must disclose the acquisition to the stock exchanges within two working days. Although the 2,100‑share purchase represents only 0.01% and does not cross the 0.5% trigger, the promoter chose to file a voluntary disclosure under the same regulation, likely to maintain transparency given his promoter status.

The filing includes a standard annexure that details the pre‑ and post‑acquisition shareholding pattern, the mode of acquisition, and the price paid. No further approvals or consents are required for such a small transaction.

Key facts at a glance

Why this matters for investors

The disclosure does not indicate any material change in control or voting power. The promoter’s holding increased marginally from 21.98% to 21.99% of the total equity, a change that is unlikely to affect board composition or strategic direction. However, the filing demonstrates compliance with SEBI’s transparency requirements, which can be reassuring to shareholders who monitor promoter activity.

For investors, the key considerations are:

• Dilution impact: None, as the shares were bought from the market, not issued.
• Control implications: No shift in control; the promoter already holds a significant stake.
• Regulatory compliance: The company has fulfilled its disclosure obligations, reducing the risk of regulatory penalties.
• Market perception: While the purchase size is small, it signals that the promoter continues to hold confidence in the company’s prospects.

Conclusion

Vibhor Steel Tubes Ltd has formally recorded the open‑market purchase of 2,100 equity shares by its promoter, Vijay Kumar Kaushik, on 12 June 2026. The transaction, amounting to 0.01% of the company’s paid‑up capital, was disclosed under SEBI Regulation 29(2) and does not alter the promoter’s overall voting strength in any material way. No further regulatory approvals are pending, and the filing satisfies the required transparency standards.

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FAQs

Q: Who acquired the shares disclosed in the filing? A: The shares were acquired by Mr. Vijay Kumar Kaushik, who is both a promoter and a director of Vibhor Steel Tubes Ltd.

Q: How many shares were bought and what percentage of the company do they represent? A: Mr. Kaushik bought 2,100 equity shares, which represent 0.01% of the company’s total paid‑up equity capital of 1,89,62,443 shares.

Q: At what price were the shares purchased? A: The shares were purchased at Rs 119.5342 per share.

Q: Which SEBI regulation requires this disclosure? A: The disclosure is made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Q: Does the acquisition change the promoter’s voting power? A: The promoter’s total holding increased from 41,68,300 shares (21.98%) to 41,70,400 shares (21.99%). The change is marginal and does not materially affect voting power.

Q: Are any further approvals needed for this transaction? A: No additional approvals are required for this acquisition, as it is a market purchase of a small number of shares and the company has already complied with the relevant SEBI disclosure requirement.