The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Rajkumar Chordia
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Vishal Rajkumar Chordia, a promoter of Aveer Foods Limited, acquired 2,26,087 equity shares on 11th March 2026 through the allotment of shares upon exercise of warrants originally allotted to him on 20th March 2025. This increased his individual shareholding from 5,71,258 shares (13.43%) to 7,97,345 shares (17.80% of voting capital), representing a 2.11% increase in his effective shareholding. The total promoter group holding (Vishal Chordia along with PAC Rajkumar Hukmichand Chordia) remains at 57.43% of the paid-up share capital post-acquisition. The company's total equity share capital increased from ₹4.25 crore (42,54,339 shares) to ₹4.48 crore (44,80,426 shares) as a result of this warrant conversion.
This is a positive signal of promoter confidence as it represents a promoter converting warrants into equity, locking in their stake. The promoter group's combined holding remains well above the 50% threshold, meaning no change of control risk. Share capital dilution is modest (~5.3%), and the increase in Vishal Chordia's personal stake may strengthen his voice in the company going forward.