Announced Mon, 6 Apr · 12:28 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Durgesh Merchants Ltd

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.8%1-day move

₹18.60

prior close

₹18.25

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0-0.8+3.6+7.3+3.2+6.1+15.6+12.9-2.7+1.1+4.2

Up moveDown movePending

AI summary

Durgesh Merchants Ltd acquired 6,38,643 equity shares (6.50%) of Bazel International Limited through preferential allotment via warrant conversion. Before the transaction, Durgesh Merchants held 10,09,562 shares (13.09%). After the acquisition, their holding increased to 16,48,205 shares (16.79%). The transaction was completed on April 2, 2026. Importantly, Durgesh Merchants has clarified that it does not belong to the Promoter/Promoter group of Bazel International. The company's total share capital increased from 77,10,444 to 98,15,246 equity shares.

Likely market impact

This represents a notable increase in shareholding by a non-promoter entity, moving from 13.09% to 16.79%. While still below the 25% open offer trigger threshold, the cumulative acquisition pattern may attract regulatory scrutiny if continued.