Three M Paper Boards Limited has reported that Promoter Hitendra Dhanji Shah increased his stake in the company.

He acquired 4,000 additional equity shares through a market purchase executed on the BSE.

This transaction elevated his total shareholding from 9,152,760 shares, representing 47.58% of the company, to 9,156,760 shares, or 47.60%. An increase in promoter holding typically indicates strong confidence in the company's operational outlook and future growth potential, which is generally viewed positively by shareholders.