The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suchitra & Others
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Suchitra, along with 6 entities in the Promoter/PAC group (including Hillgrow Infoservices, Palmiree Infracon, Foster Infrastructure, Veteran Infradevelopers, Inscence Developers, and Surender Singh HUF), acquired 55,48,000 equity shares on May 11, 2026 through conversion of fully convertible warrants. This doubled the company's equity share capital from 5,91,99,780 to 13,51,99,780. Despite the large absolute number of shares acquired, the promoter group's holding remained constant at 73.01% because the warrant conversion proportionally increased the total share capital. Before the transaction, promoters held 43,22,438 shares; after conversion, they hold 98,70,443 shares.
The disclosure reflects a routine warrant-to-equity conversion by existing promoters, not a new acquisition or dilution of promoter stake. The 73.01% holding percentage was maintained because total shares doubled proportionally. No immediate impact on stock price or shareholder value is expected from this corporate action.