Electrosteel Thermal Coal Limited, a member of the Promoter Group of Electrosteel Castings Limited, executed a significant share purchase on March 20, 2026. The entity acquired an aggregate of 6,00,000 Equity Shares through the National Stock Exchange (NSE). The total transaction value for this acquisition amounted to approximately ₹4.53 crore. This transaction increases the Promoter Group’s stake, reflecting continued confidence in the company’s future prospects.
Insider Transaction Disclosure Filed
Electrosteel Castings Limited has publicly disclosed a change in shareholding involving its Promoter Group. The disclosure, filed on March 23, 2026, details the acquisition of securities by Electrosteel Thermal Coal Limited, a designated promoter entity.
Details of Share Acquisition
The transaction involved the purchase of 6,00,000 Equity Shares of Electrosteel Castings Limited. This acquisition occurred on March 20, 2026, via the NSE in a market purchase.
- Shares Acquired: 6,00,000 Equity Shares
- Aggregate Cost: ₹4,53,85,107.64 (Approximately ₹4.53 crore)
- Acquisition Mode: Market Purchase
Post-Transaction Holding Status
Prior to this acquisition, the promoter entity held 20,500,000 Equity Shares, representing 3.32% of the total share capital. Following the purchase, their total holding increased to 2,11,00,000 Equity Shares, resulting in a post-acquisition shareholding of 3.41% in the company.
The detailed disclosure in Form C confirms compliance with the requirements for continual disclosures regarding insider trading regulations.
Source: BSE
