The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaspalsingh P Chandock & PACs
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Mr. Jaspalsingh P Chandock, along with persons acting in concert (PACs) Mr. Trimaan Jaspalsingh Chandock and Mr. Jaikaran Jaspalsingh Chandock, has filed a disclosure under SEBI's Takeover Regulations. The promoter group acquired 15,00,000 equity shares (1.24% of paid-up capital) via preferential allotment dated 9th March 2026, which appears to be the conversion of warrants previously held by Mr. Trimaan Jaspalsingh Chandock into equity shares. As a result, the promoter group's combined voting stake rose from 53.76% to 54.34% of the company's share capital. The company's total equity share capital expanded from ₹119.12 crore to ₹120.62 crore following this allotment.
This is a positive signal for shareholders as the promoter group is increasing its voting stake in the company through preferential allotment, indicating continued promoter confidence. However, the increase is marginal (~0.58% in voting rights) and is essentially a conversion of existing warrants rather than fresh capital infusion.