First Fintec Ltd shares jump 1.99% as SEBI Regulation 29(1) disclosure for Vipin Vishvanath Agrawal
Why did First Fintec Ltd shares jump today?
First Fintec Ltd shares gained 1.99% on Monday, reaching ₹12.84 by 01:30 PM. The rise in share price came after a key disclosure filed with the Bombay Stock Exchange. The company informed the exchange about an off-market purchase of 8,32,220 shares carrying voting rights by Mr. Vipin Viswanath Agarwal on October 30, 2026. This move attracted investor attention and pushed the stock higher during the trading session.
The disclosure was submitted under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. When an individual acquires a significant number of shares in a company, SEBI rules require them to report the transaction to the stock exchange. Mr. Agarwal purchased these shares through an off-market deal, meaning the shares changed hands outside the regular trading platform. The filing was formally submitted by Mr. Abhishek Kotulkar, Chairman of the Board of Directors of First Fintec Limited, from the company's registered office in Mumbai.
The news of a substantial share purchase by a single investor often signals growing confidence in the company's future, which tends to boost market sentiment. Traders and investors may have interpreted this acquisition as a positive sign, leading to the upward movement in First Fintec's share price. The stock's scrip code on the BSE is 532379, and market participants will be closely watching further developments around this acquisition in the coming days.
What does First Fintec Ltd do?
First Fintec Limited is a publicly listed company headquartered in Mumbai, India, with its registered office located at Shiv Ashish Complex on 19th Road, Chembur. The company is listed on the Bombay Stock Exchange (BSE) under Scrip Code 532379 and operates under the corporate identification number L72200MH2000PLC239534. It is led by a Board of Directors chaired by Mr. Abhishek Kotulkar. As a listed entity, the company complies with SEBI (Substantial Acquisition/Sale of Shares and Takeovers) Regulations, 2011, including submitting the required disclosures to the stock exchange regarding significant share transactions.
First Fintec Limited maintains active corporate governance processes, filing regulatory disclosures with the Department of Corporate Services at the BSE in connection with substantial acquisition of shares carrying voting rights. The company engages with its stakeholders and the stock exchange authorities to ensure transparency and compliance with applicable securities regulations. It can be contacted via telephone, email at info@firstfintec.com, or through its website at www.firstfintec.com.
First Fintec Ltd Financials
In CroresFirst Fintec Ltd reported revenue of ₹0.43 Crores in the quarter ending March 2026, which grew to ₹0.56 Crores in the quarter ending June 2026, reflecting a quarter-on-quarter increase of approximately 30.2%. The company swung from a net loss of ₹0.33 Crores in March 2026 to a net profit of ₹0.06 Crores in June 2026, marking a turnaround from negative to positive profitability. Overall, the financials indicate a clear upward trend, with both top-line growth and a shift from losses to modest profits, signaling improving operational performance over the two quarters. However, the absolute revenue and profit figures remain relatively small, suggesting the company is still at an early or nascent stage of its financial trajectory.
First Fintec Ltd Shareholding Pattern
Promoter holding stands at 47.4% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 52.59% stake in First Fintec Ltd.
First Fintec Ltd FAQs
Q: Why did First shares jump 1.99% today?
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vipin Vishvanath Agrawal. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of First Fintec Ltd?
As per the latest data, promoters hold 47.4% stake in First Fintec Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.0%, and public shareholders account for 52.59% of the equity.
Q: What is the current stock price of First Fintec Ltd?
First Fintec Ltd shares are currently trading at ₹12.84, recording a gain of 1.99% from the previous close.
Q: What is the market capitalization of First Fintec Ltd?
The company currently has a market capitalization of ₹13.36 crore, reflecting its valuation in the Indian equity market.