Kasturi Metal Composite Limited has disclosed a share acquisition by its promoter, Mr. Samit Singhai. The transaction, involving 16,000 equity shares for ₹10,75,160, was executed on November 8, 2026, and settled on November 10, 2026. While falling under automatic disclosure mechanisms, the details did not appear on the exchange platform, prompting a manual submission by the company to ensure transparency and compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Promoter Acquires Stake in Kasturi Metal Composite
Kasturi Metal Composite Limited has formally informed the stock exchanges about a recent acquisition of shares by a designated person, who is also a promoter of the company. Mr. Samit Singhai, identified as a promoter, has purchased 16,000 equity shares of the company.
Transaction Details
The acquisition took place on November 8, 2026, with a transaction value of ₹10,75,160. The shares were acquired through the open market. Following this transaction, Mr. Singhai’s holding in the company has increased to 27,74,189 equity shares, representing approximately 26.68% of the total shareholding, up from 26.53% prior to the purchase.
Disclosure Compliance
The company stated that while such transactions are typically covered under an automatic/system-driven disclosure mechanism, Mr. Singhai’s transaction was not appearing on the stock exchange platform. As a measure of abundant precaution and to ensure full compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, particularly Regulation 7(2), Kasturi Metal Composite Limited has submitted these disclosures manually.
This proactive disclosure aims to guarantee that all requisite information is duly recorded and available for public record, upholding the principles of transparency in corporate governance.
Source: BSE
