The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Subhash Phootarmal Rathod & Others
AFIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Akme Fintrade (India) Ltd has informed the exchanges about a disclosure filed under SEBI's Substantial Acquisition of Shares & Takeovers (SAST) Regulation 29(1) by Subhash Phootarmal Rathod along with six persons acting in concert (PACs), including family members and four entities such as Stellant Securities, Thomson and Wyman Enterprises, Sahi Logistics and Infra, and Abacus Realty Logistics. Notably, all acquirers have declared themselves as NOT belonging to the promoter/promoter group of the company. The combined shareholding of these acquirers stood at around 6.79% before the acquisition and has moved to approximately 8.77% after the acquisition, based on a total equity share capital of about 42.67 crore shares. The acquisition was reported during the period from 25 January 2026 to 4 March 2026, and the form was signed on 4 March 2026 from Mumbai.
For retail investors, this is a regulatory disclosure of shareholding changes by non-promoter entities whose combined stake is now approaching the 10% SAST disclosure threshold. Since the acquirers are not promoters, this is not a promoter-related event, but it indicates that certain shareholders are consolidating holdings and may cross 10% soon, which could attract further disclosures and market attention.