Dear Sir, We are enclosing herewith a disclosure under Reg 29(2) of the SEBI takeover code received from Mr. Rajkumar Chordia, a member of the promoter group and acquirer.
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On the reaction day the stock moved in line with Nifty Microcap 250 and 0.5 pts less than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Mr. Rajkumar Hukmichand Chordia, part of the promoter group of Aveer Foods Ltd, acquired 2,26,087 equity shares on 6 February 2026 by exercising warrants that were originally allotted to him on 20 March 2025. Before this acquisition, his holding stood at 15,49,720 shares (38.47%), and after the conversion it rises to 17,75,807 shares. Together with PAC Mr. Vishal Rajkumar Chordia (5,71,258 shares), the promoter group's combined holding remains at 57.43% of the company's share capital. This represents an increase of about 3.27% in shareholding on a paid-up capital basis. The mode of acquisition is preferential allotment upon exercise of warrants, and the company's total share capital increased from Rs. 4.03 crore to Rs. 4.25 crore.
This is a promoter-group acquisition that strengthens the promoters' control over Aveer Foods without any change in ultimate ownership, so there is no negative signal for shareholders. Since the promoters already hold well above 50%, the warrant conversion simply consolidates their position rather than signalling any new external interest.