The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prasann Kumar Kedia
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Prasann Kumar Kedia, a promoter of Associated Alcohols & Breweries Ltd, has disclosed an acquisition of 4,50,000 equity shares (2.49%) through a preferential allotment on 4th September 2025. His holding has risen from 9,56,200 shares (5.29%) to 14,06,200 shares (7.41%) of the company's voting capital. The company's total equity share count increased from 1,80,79,200 to 1,89,79,200 shares as a result of this allotment. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, indicating the promoter has crossed the 5% disclosure threshold. This signals continued promoter confidence and capital infusion into the company.
Positive signal for shareholders — promoter increasing stake via preferential allotment shows insider confidence in the company's prospects. Dilution of existing shareholders due to new share issuance, though promoter participation offsets this concern.