The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ispatika International Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ispatika International Limited, part of the promoter group of Afloat Enterprises Limited (formerly Adishakti Loha and Ispat Limited), has disclosed acquisition of 20 lakh convertible warrants on a preferential basis, representing 25% of the total 80 lakh warrants allotted by the company. Prior to this acquisition, the acquirer held no shares or warrants in the company, and post-acquisition, the holding of 20 lakh warrants translates to 25% on a fully diluted basis. The warrants will rank pari-passu with existing equity shares upon conversion. The company's total share capital stands at 45,58,000 equity shares of Rs. 10 each (Rs. 4.56 crore). The date of acquisition is May 8, 2025.
This signals promoter group strengthening its stake in the company through preferential allotment of warrants, indicating promoter confidence and potential future equity dilution upon warrant conversion. Shareholders should note the increased promoter control once these warrants are converted into equity shares.