The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhargav Suhagia
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.5 pts more than its Retailing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bhargav Bhanubhai Suhagia has disclosed the acquisition of 8,76,330 equity shares (6.78% stake) of Ace Men Engg Works Ltd on November 25, 2025 through a preferential allotment on a share swap basis (consideration other than cash). His holding in the company jumped from just 394 shares (0.01%) to 8,76,724 shares (6.79%), crossing the 5% disclosure threshold under SEBI takeover rules. The company's paid-up equity capital also expanded sharply from Rs 3.10 crore (30.98 lakh shares) to Rs 12.91 crore (1.29 crore shares), reflecting significant dilution for existing shareholders. The mode of acquisition — share swap via preferential issue — suggests the shares were issued in exchange for assets or business brought into the company rather than cash investment.
Existing shareholders face substantial dilution as the share base has more than quadrupled, though part of this is offset by the value of assets/business received via the share swap. Bhargav Suhagia has emerged as a significant shareholder (6.79%) and any further purchases could trigger additional takeover-related disclosures.