The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for L Maruti Sanker
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L. Maruti Sanker, a promoter of 7Seas Entertainment Ltd, acquired 1,50,000 equity shares through preferential allotment on April 16, 2026. Before the acquisition, the promoter held 60,90,821 shares representing 27.29% of voting capital. After the acquisition, holding increased to 62,40,821 shares. However, the percentage holding decreased to 27.00% of voting capital (25.49% diluted) because the total share capital increased from 22,322,245 to 23,112,245 equity shares due to the preferential allotment, diluting the promoter's stake percentage despite the absolute increase in shares.
The promoter increased their absolute shareholding through preferential allotment but the percentage stake decreased slightly due to expansion in total capital. This is a routine insider filing and does not indicate any significant change in control or upcoming takeover.