The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hema Bhatia
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Hema Sanjeev Bhatia, part of the promoter group of Bhatia Communications & Retail (India) Ltd, acquired 25,00,000 shares (1.78% of the company's share capital) on 09 March 2026 through preferential allotment pursuant to conversion of warrants. Before the acquisition, she held 12,22,660 shares (0.94%); after the acquisition, her holding increased to 37,22,660 shares (2.65%) of the company's equity. The company's total share capital also expanded from 13,01,52,000 to 14,06,52,000 equity shares, suggesting a broader warrant conversion exercise diluted the base. The disclosure was filed under SEBI's Takeover Regulations to report the change in promoter group shareholding.
This signals continued promoter group confidence in the company, as a promoter family member is converting warrants into actual equity rather than letting them lapse. For retail shareholders, this is mildly positive as it increases promoter skin-in-the-game, though the overall promoter holding remains modest at under 3%.