Bhandari Hosiery Exports Limited has informed the Exchange regarding 'Disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011'.
BHANDARI · price
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Bhandari Hosiery Exports Limited has informed the exchanges about an allotment of equity shares to Tikani Exports Limited, a Promoter Group entity, under the company's recently concluded Rights Issue. Tikani Exports Limited was allotted 6,48,32,425 equity shares on March 23, 2026, representing 10.81% of the total voting capital. As a result, the aggregate Promoter Group holding in the company increased from 31.02% (7,44,51,637 shares) to 41.83% (13,92,84,056 shares). The post-issue equity share capital stands at Rs 33,28,56,433. The promoter group has stated that this acquisition qualifies for exemption under Regulation 10(4), and no open offer obligation is triggered.
This is a positive signal for retail investors as the promoter group has meaningfully increased its stake by over 10 percentage points through the Rights Issue, indicating strong promoter confidence in the company's future. Higher promoter ownership often aligns management interests with shareholders and is generally viewed favorably by the market.