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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Subhash Phootarmal Rathod, along with six persons acting in concert (PACs), has acquired 8,511,866 equity shares (1.993% of voting capital) of Akme Fintrade (India) Ltd through open market purchases between 25-02-2026 and 04-03-2026. The acquirer group explicitly does not belong to the promoter/promoter group. Subhash Rathod individually bought 65,41,344 shares (1.532%), Mangala Rathod bought 18,70,522 shares (0.438%), and Saajan Rathod bought 1,00,000 shares (0.023%). Total combined holding of the acquirer and PACs has increased from 6.781% (2,89,48,808 shares) to 8.774% (3,74,60,674 shares), moving closer to the 10% substantial acquisition threshold under SAST regulations.
This is a non-promoter group steadily building a sizeable stake via open market buys, inching toward the 10% disclosure trigger. Retail investors should watch for further purchases, as crossing 10% would trigger additional SAST disclosure obligations and may indicate growing interest from this group in the company's ownership structure.