Silver Touch Technologies Ltd shares fall 2.06% as SEBI receives disclosure under Regulation 29(2) for Vipul Haridas Thakkar
Why did Silver Touch Technologies Ltd shares fall today?
Silver Touch Technologies Ltd shares experienced a decline of 2.06% on Tuesday, closing at ₹150.05 at 05:12 PM. This drop came despite a disclosure that was filed with the stock exchanges.
The trigger for the movement was a regulatory announcement made by the company. A document was submitted to the BSE and NSE, revealing that Vipul Haridas Thakkar, a person connected to the company, had purchased 35,000 equity shares of Silver Touch Technologies on an open market basis on September 3rd. This type of disclosure is required under SEBI takeover regulations when a substantial holding is acquired.
The filing, however, appears to have been a retrospective declaration for a transaction that had already occurred. The market's negative reaction could stem from investor uncertainty or profit-booking, as such disclosures can sometimes be interpreted in various ways, or may not align with the immediate market sentiment. The share price ended the session in the red following this news.
What does Silver Touch Technologies Ltd do?
Silver Touch Technologies Limited is a company incorporated in India with its registered office located in Ahmedabad, Gujarat. The company is publicly listed on major Indian stock exchanges, specifically the BSE Limited under scrip code 543525 and the National Stock Exchange of India Limited under the symbol SILVERTUC.
The document reflects activity related to the company's equity shares, including a transaction for the on-market purchase of 35,000 equity shares. The company is identified as the target entity in a regulatory disclosure concerning substantial acquisition of shares and insider trading regulations.
Silver Touch Technologies Ltd Financials
In CroresSilver Touch Technologies Ltd's financials show a sequential quarterly decline from March to June 2026. Revenue decreased from ₹99.52 Crores in the March quarter to ₹76.72 Crores in the June quarter, a drop of approximately 22.9%. Similarly, profit fell from ₹13.22 Crores to ₹9.99 Crores over the same period, representing a decrease of about 24.4%. This indicates a short-term downward trend in both top-line and bottom-line performance on a quarter-over-quarter basis.
Silver Touch Technologies Ltd Shareholding Pattern
Promoter holding stands at 74.66% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.48% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.0%. Public shareholders hold the remaining 24.85% stake in Silver Touch Technologies Ltd.
Silver Touch Technologies Ltd FAQs
Q: Why did Silver shares fall 2.06% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vipul Haridas Thakkar. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Silver Touch Technologies Ltd?
As per the latest data, promoters hold 74.66% stake in Silver Touch Technologies Ltd, while FII holding stands at 0.48%. Domestic institutional investors hold 0.0%, and public shareholders account for 24.85% of the equity.
Q: What is the current stock price of Silver Touch Technologies Ltd?
Silver Touch Technologies Ltd shares are currently trading at ₹150.05, recording a decline of 2.06% from the previous close.
Q: What is the market capitalization of Silver Touch Technologies Ltd?
The company currently has a market capitalization of ₹1902.78 crore, reflecting its valuation in the Indian equity market.