The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HSM Investments Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HSM Investments Ltd, part of the promoter group of Asutosh Enterprises Ltd, has reported acquiring 4,16,500 equity shares (18.59% of paid-up capital) through an off-market transfer under a Scheme of Amalgamation, as per Regulation 10(1)(d)(ii) of SEBI Takeover Regulations. Following this acquisition, HSM Investments' holding in Asutosh Enterprises has risen from 2,04,550 shares (9.13%) to 6,21,050 shares (27.71%) of the company. The acquisition date is 15th November 2025, and the disclosure was filed with BSE on 18th November 2025. The total equity share capital of Asutosh Enterprises stands at Rs. 2,24,10,000, and the company has stated no warrants or convertible securities are outstanding. This is a promoter-driven, scheme-based consolidation rather than an open-market purchase, which typically gets an exemption from the open offer requirement.
Promoter group's effective stake has nearly tripled (from 9.13% to 27.71%), strengthening promoter influence in the company, though it still remains below the 50% majority mark. Since shares were acquired via a scheme-driven off-market transfer and not from the open market, there is unlikely to be any direct stock price impact, but shareholders should note the rising promoter consolidation.