Kasturi Metal Composite Limited has made a voluntary disclosure regarding the purchase of equity shares by Mrs. Alka Singhai, a member of the Promoter Group. The transaction, valued at Rs. 7,46,820, was executed on the stock exchange. Although the aggregate value did not exceed the mandatory disclosure threshold of Rs. 10,00,000, the company has provided these details for transparency and good corporate governance.
Kasturi Metal Composite Ltd. Enhances Transparency with Promoter Trading Disclosure
Kasturi Metal Composite Limited has proactively shared details concerning a recent transaction involving its Promoter Group. In a voluntary disclosure aimed at maintaining robust corporate governance, the company announced that Mrs. Alka Singhai, a member of the Promoter Group, acquired equity shares of the company through the stock exchange.
Transaction Details and Regulatory Context
The aggregate traded value of the shares purchased by Mrs. Singhai amounted to Rs. 7,46,820 (Rupees Seven Lakhs Forty-Six Thousand Eight Hundred and Twenty). This transaction occurred on November 12, 2026. The company emphasized that the value of this acquisition does not exceed the threshold of Rs. 10,00,000 as stipulated under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Therefore, a mandatory disclosure to the stock exchange was not required.
Commitment to Transparency
Despite not being mandated, Kasturi Metal Composite Limited chose to voluntarily disclose this information to foster transparency and uphold principles of good corporate governance. The details of the transaction, including the number of shares acquired and the date of acquisition, have been provided in the format of Form C. Mrs. Alka Singhai’s shareholding post-acquisition stands at 3,53,278 shares, representing 3.39% of the total equity share capital.
Shareholding Evolution
Prior to this acquisition, Mrs. Singhai held 3,41,278 shares, which constituted 3.28% of the total equity. The purchase of 12,000 equity shares has led to a slight increase in her stake in the company. The transaction was executed on the open market, with the exchange confirming the trade on November 12, 2026.
Source: BSE
