The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemant Sarvaiya & PACs
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Hemant Sarvaiya, along with PACs (Trupti Sarvaiya and Hemant N. Sarvaiya HUF), disclosed receipt of 3,60,000 equity shares (3.31% of capital) of Agribio Spirits Ltd pursuant to conversion of warrants on May 17, 2025. The acquirer explicitly stated that he does NOT belong to the promoter/promoter group. Before the conversion, the acquirer held NIL shares but had 3,60,000 warrants, while PACs held 1,75,000 (1.61%) and 50,000 (0.46%) shares. After the conversion, total holding of acquirer and PACs stands at 5,85,000 shares (5.38% of voting capital). The equity share capital of the company increased from Rs. 10.52 crore (1.05 crore shares) to Rs. 10.88 crore (1.08 crore shares). The newly allotted shares have not yet been credited to the demat account.
This is a routine SAST disclosure triggered by a non-promoter acquirer crossing the 5% disclosure threshold via warrant conversion. No change in overall economic interest (5.38% holding remains same, just shifted from warrants to equity shares). Minimal direct impact on shareholders or stock price as it merely formalises an existing entitlement into actual shareholding.