The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Subhash Phootarmal Rathod & Others
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Akme Fintrade (India) Ltd informed the exchanges about a disclosure under SEBI's Takeover Regulations. A group of 10 acquirers/persons acting in concert, led by Subhash Phootarmal Rathod, acquired a total of 2,21,45,579 equity shares (5.19% of the company's share capital) through open market purchases between 20 February 2025 and 22 September 2025. Before this acquisition, the group held nil shares in the company. The filing explicitly states that the acquirers do NOT belong to the promoter or promoter group of Akme Fintrade. The largest individual buyer was Subhash Phootarmal Rathod with 1,18,72,850 shares (2.78%), followed by Sahil Logistics and Infrapvt Ltd (0.62%) and Stellant Securities (0.50%). This is a mandatory disclosure triggered because the group's holding crossed the 5% threshold.
A non-promoter group quietly building a 5.19% stake via open market buys is a watch-out signal – they could continue creeping toward higher thresholds or push for board influence. Existing shareholders should monitor whether this group adds more, as further purchases will trigger additional disclosures and could affect stock sentiment.