The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rupala Tushar Pravinbhai
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rupala Tushar Pravinbhai, a non-promoter acquirer, acquired 6,57,000 equity shares (5.09%) of Ace Men Engg Works Ltd on November 25, 2025, through a preferential allotment on a share swap basis (consideration other than cash). Before the acquisition, the acquirer held no shares in the company, and after the acquisition, holds 5.09% of the voting capital. The company's paid-up equity capital expanded sharply from Rs. 3.10 crore (30.98 lakh shares) to Rs. 12.91 crore (1.29 crore shares), indicating a substantial preferential allotment to multiple parties that diluted existing shareholders.
Existing shareholders face significant dilution (~4x increase in share count), but this disclosure reflects a non-promoter just crossing the 5% SAST threshold via a share swap, so it is largely a regulatory formality with limited direct impact on stock price.