The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for V Varalakshmi
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Ms. V Varalakshmi, a member of the promoter group of CCME Global Ltd (formerly Genesis IBRC India Limited), acquired 40,00,000 equity shares through a preferential allotment on March 26, 2026. Her holding in the company rose from 15,72,300 shares (12.09%) to 55,72,300 shares (12.31%) post-acquisition. The company's paid-up share capital increased significantly from INR 13 crore (1.3 crore shares) to INR 45.25 crore (4.525 crore shares) as part of this preferential issue. This is a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was made to BSE on March 27, 2026.
This signals promoter confidence and continued commitment to the company, with the promoter personally subscribing to a large chunk of the preferential issue. However, the share dilution from the preferential allotment means her effective voting rights change was only 0.22%, and existing shareholders should note the significant expansion of the equity base.