The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohammad Ajwad & PACs
AKI · price
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Mohammad Ajwad, a member of the promoter group of AKI India Ltd, along with five Persons Acting in Concert (Asad Kamal Iraqi, Samina Asad Iraqi, Mohammad Asjad, Tuba Fatima, Naba Fatima), has disclosed the acquisition of 30,00,000 equity shares representing 2.91% of the company's total share capital. The shares were allotted on 9th June 2025 pursuant to the conversion of warrants into equity shares on a preferential basis. Prior to this acquisition, Mohammad Ajwad held just 538 shares (0.00%), and post-acquisition his holding stands at 30,00,538 shares (2.91%). The company's total equity share capital after this allotment is 10,32,05,956 shares of Rs. 2 each, aggregating to Rs. 20.64 crore.
This is a promoter-group stake increase through preferential allotment (warrant conversion), which is a positive signal of promoter confidence and commitment to the company. Shareholders should note the dilution from the new shares issued (total share count rose from ~8.85 crore to ~10.32 crore).