The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Subhash Rathod & Others
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Subhash Phootarmal Rathod, along with 6 persons acting in concert (including Mangala Rathod, Saajan Rathod, and entities like Stellant Securities, Sahil Logistics, and Abacus Realty Logistics), acquired 53,47,950 shares (1.253%) of Akme Fintrade (India) Ltd through open market purchases between February 20-24, 2026. Post-acquisition, their aggregate holding rose from 5.530% (2.36 crore shares) to 6.783% (2.89 crore shares), crossing the 5% disclosure threshold. Individually, Subhash Phootarmal Rathod's stake increased from 3.599% to 4.407%, and Mangala Rathod's stake rose from 0.164% to 0.339%. The filer has explicitly confirmed they do NOT belong to the promoter/promoter group of the company.
Since the acquirer is a non-promoter entity, this represents significant non-promoter accumulation that has now crossed the 5% regulatory disclosure threshold. Retail investors should note the rising non-promoter stake, which could indicate strategic interest or potential future takeover activity, and may keep a watch on whether further acquisitions push holdings toward the next 10% trigger.