The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajkumar Chordia & PACs
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Aveer Foods promoter Rajkumar Hukmichand Chordia has acquired 2,26,087 equity shares by exercising warrants that were originally allotted to him on 20th March 2025. The shares were allotted on 6th February 2026 under a preferential allotment. Post-allotment, Rajkumar Chordia's individual stake rose from 38.47% to 41.74%, while PAC Vishal Rajkumar Chordia's stake remained at 13.43%. Combined promoter group holding increased from 52.65% to 55.17% of the paid-up share capital. The company's total equity share capital grew from Rs. 4.03 crore to Rs. 4.25 crore, with diluted capital standing at Rs. 4.48 crore after accounting for Vishal Chordia's remaining 2,26,087 warrants.
This is a promoter-led capital infusion through warrant conversion, signalling continued promoter confidence and increasing their control in the company. For shareholders, the increased promoter holding is generally viewed positively, though it also slightly dilutes non-promoter shareholders' proportional stake.