The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Inscence Developers Pvt Ltd
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Inscence Developers Private Limited, a promoter group entity, acquired 9,39,198 equity shares of Apex Capital and Finance Ltd on May 11, 2026, through conversion of fully convertible warrants. This increased their holding from 2,10,000 shares (3.55%) to 11,49,198 shares (8.50% of total diluted capital). The company's share capital nearly doubled from 59,19,978 shares to 1,35,19,978 shares due to this warrant conversion allotment. The acquirer confirmed they belong to the Promoter/Promoter Group of the target company.
Promoter holding increased, indicating promoter confidence in the company. However, at 8.50%, the acquirer remains below the 10% threshold that would trigger open offer requirements under SAST regulations.