BSECompany Update2d ago · 29 Jul 2026, 06:15 pm
Declaration under Regulation 29(2) of the SEBI(SAST) Regulations, 2011 for sale of equity shares of Maxgrow India Limited for your reference and record.
Maxgrow India Ltd · 521167
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Maxgrow India Ltd has made a declaration under Regulation 29(2) of the SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011, disclosing the sale of equity shares of Metal Industrial Pte Limited & Sadhana Uday by Chourasia, a promoter of Maxgrow India Ltd, resulting in a change in the promoter's holding from 92.82% to 89.78%.
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Maxgrow India Ltd - 521167 - Disclosure Under Regulation 29(2) SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
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MAXGROW INDIA LIMITED
Suchita Business Park, Ground Floor, Office No. UG-50,
Y. G. Seth Marg, Ghatkopar - East, Mumbai - 400 075.
CTS No. 5808.Email: maxgrowlegal@gmail.com | info@maxgrowindia.in
CIN–L51100MH1994PLC076018 | Web: www.maxgrowindia.in
Date: 29.07.2026
The Secretary
Bombay Stock Exchange
Limited
Floor 25, Phiroze Jeejeebhoy
Towers, Dalal Street
Mumbai – 400 001
E-mail: corp.relations@bseindia.com
Dear Madam/Sir,
Enclosed please find herewith a declaration under Regulation 29 (2) of the SEBI SAST Regulations, 2011 for sale of
equity shares of Maxgrow India Limited for your reference and record.
Kindly acknowledge the receipt.
Yours Sincerely,
Name: Shivkumar Ramsagar Pasi
Designation: Director
DIN: 10869886
MAXGROW INDIA LIMITED
Suchita Business Park, Ground Floor, Office No. UG-50,
Y. G. Seth Marg, Ghatkopar - East, Mumbai - 400 075.
CTS No. 5808.Email: maxgrowlegal@gmail.com | info@maxgrowindia.in
CIN–L51100MH1994PLC076018 | Web: www.maxgrowindia.in
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Maxgrow India Limited
Name of the Target Company (TC)
Metal Industrial Pte Limited & Sadhana Uday
Name(s) of the acquirer and Persons Acting in Concert (PAC)
Chourasia
with the acquirer
Whether the acquirer belongs to Promoter/Promoter group
Bombay Stock Exchange (BSE)
Name(s) of the Stock Exchange(s) where the shares of TC are
Listed
Number % w.r.t.total % w.r.t. total
share/voting diluted
Details of the acquisition / disposal as follows capital share/voting
wherever capital of the TC
applicable(* (**)
3,70,76,072 92.82 92.82
Before the acquisition under consideration, holding of :
a) Shares carrying voting rights
b) Shares in the nature of encumbrance (pledge/ lien/
non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by shares
d) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the T C (specify holding in each
category)
e) Total (a+b+c+d) 3,70,76,072 92.82 92.82
11,25,514 3.04 3.04
Details of acquisition/sale
a) Shares carrying voting rights acquired/sold
b) VRs acquired /sold otherwise than by shares
c) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) acquired/sold
d) Shares encumbered / invoked/released by the acquirer
e) Total (a+b+c+/-d) 11,25,514 3.04 3.04
MAXGROW INDIA LIMITED
Suchita Business Park, Ground Floor, Office No. UG-50,
Y. G. Seth Marg, Ghatkopar - East, Mumbai - 400 075.
CTS No. 5808.Email: maxgrowlegal@gmail.com | info@maxgrowindia.in
CIN–L51100MH1994PLC076018 | Web: www.maxgrowindia.in
3,59,50,558 89.78 89.78
After the acquisition/sale, holding of:
a) Shares carrying voting rights
b) Shares encumbered with the acquirer
c) VRs otherwise than by shares
d) Warrants/convertible securities/any other instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) after acquisition
e) Total (a+b+c+d) 3,59,50,558 89.78 89.78
Off-Market Transfer
Mode of acquisition / sale (e.g. open market / off-market /
public issue / rights issue / preferential allotment / inter-se
transfer etc).
28.07.2026
Date of acquisition / sale of shares / VR or date of receipt of
intimation of allotment of shares, whichever is applicable
3,99,45,065
Equity share capital / total voting capital of the TC before the
said acquisition / sale
3,99,45,065
Equity share capital/ total voting capital of the TC after the
said acquisition / sale
3,99,45,065
Total diluted share/voting capital of the TC after the said
acquisition/ sale
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock
Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of
the outstanding convertible securities/warrants into equity shares of the TC.
Yours Faithfully,
For Maxgrow India Limited
Name: Shivkumar Ramsagar Pasi
Designation: Director
DIN: 10869886
Place: Mumbai
Date: 29.07.2026