City Infotech Promoter Aneel Jain Increases Stake Through Open Market Purchase

Indo-City Infotech Limited has announced that promoter Aneel Jain has acquired additional shares in the company through open market transactions. The acquisition represents a marginal increase in the promoter's shareholding and was disclosed in compliance with SEBI regulations governing substantial acquisition of shares and insider trading norms. Transaction Details Aneel Jain acquired 2000 equity shares through open market purchases conducted on February 27, 2026 and February 28, 2026. The transaction details are summarized below: Parameter: Before Acquisition Acquisition After Acquisition Number of Shares: 1977000 2000 1979000 Shareholding Percentage: 19.00% 0.02% 19.02% Mode of Acquisition: - Open Market - Shareholding Structure The acquisition represents a modest increase in Aneel Jain's stake in the company. Prior to this transaction, he held 1977000 shares representing 19.00% of the total voting capital. Following the acquisition of 2000 additional shares, his total shareholding increased to 1979000 shares, representing 19.02% of the company's equity. Shareholding Component: Details Shares with Voting Rights: 1979000 Encumbered Shares: NIL Voting Rights (Non-Equity): NIL Convertible Securities: NIL Total Holding: 1979000 (19.02%) Company Capital Structure Indo-City Infotech Limited's equity share capital structure remained unchanged following this transaction. The company maintains its total equity base as follows: Total Equity Shares: 10400000 Face Value per Share: Rs. 10 Listing Exchange: BSE Limited Scrip Code: 532100 Regulatory Compliance The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. The company filed the necessary Form C and disclosure documents with BSE Limited on March 02, 2026, through authorized signatory Ramesh Chandra Pusola. The transaction confirms Aneel Jain's continued commitment as a promoter of Indo-City Infotech Limited, with his shareholding marginally increasing through these open market purchases. The acquisition maintains transparency in shareholding changes as required under Indian securities regulations. Indo-City Infotech Limited has announced that promoter Aneel Jain has increased his shareholding in the company through an open market acquisition. The transaction, completed on February 20, 2026, involved the purchase of 3,000 equity shares, representing a marginal increase in his stake. Transaction Details The share acquisition has been disclosed under SEBI regulations governing insider trading and substantial acquisition of shares. The following table summarizes the key transaction parameters: Parameter: Details Acquirer: Aneel Jain (Promoter) Shares Acquired: 3,000 Acquisition Mode: Open Market Transaction Date: February 20, 2026 Stock Exchange: BSE Limited Shareholding Changes The acquisition resulted in a modest increase in Aneel Jain's ownership percentage. His shareholding position before and after the transaction is detailed below: Holding Period: Number of Shares Percentage Holding Before Acquisition: 1,965,000 18.89% Shares Acquired: 3,000 0.03% After Acquisition: 1,968,000 18.92% Company Share Capital Structure Indo-City Infotech Limited's equity share capital structure remains unchanged following this transaction. The company maintains its total equity base at 10,400,000 equity shares of Rs. 10 each. The acquisition represents a minimal percentage of the company's total outstanding shares. Regulatory Compliance The company has filed the required disclosures under multiple SEBI regulations: Regulation 7(2) read with Regulation 6(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015 Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 The disclosure confirms that Aneel Jain belongs to the promoter group and has no encumbered shares, voting rights through other instruments, or convertible securities. The transaction was executed entirely through open market purchases, maintaining transparency in the acquisition process. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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