The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tapan Sureshsinhji Desai & Others
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Non-promoter group comprising Tapan Sureshsinhji Desai, Shaurya Organics Pvt Ltd, Sureshsinhji Pratapsinhji Desai, Ananyaa Desai, and the Desai HUF acquired 1,36,89,800 equity shares (about 1.37 crore) through the company's Rights Issue, allotted on 12 November 2025. Their combined holding rose from just 0.20% (2,00,920 shares) before the issue to 5.16% after, crossing the 5% disclosure threshold that triggers this filing. Tapan Desai alone received 1,28,33,300 shares, making him the largest beneficiary of the allotment. The company's equity capital expanded significantly from Rs. 10.10 crore (10.1 crore shares) to Rs. 26.51 crore (26.51 crore shares) because of the rights issue.
A non-promoter group now holds over 5% of Ashnisha Industries, which could influence boardroom decisions and future corporate actions. Retail shareholders should monitor whether this group builds further stake, as crossing 5% is an early signal of potential influence in a small-cap company.