The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmanaban Krishnamoorthy
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Mr. Padmanaban Krishnamoorthy, a promoter of CCME Global Ltd (formerly Genesis IBRC India Ltd), has acquired 2,00,00,000 (2 crore) equity shares through a preferential allotment on March 26, 2026. Before this acquisition, he held 80,70,400 shares (62.08%), and after the allotment, his holding stands at 2,80,70,400 shares (62.03%). The company's total paid-up equity capital expanded significantly from INR 13 crore (1.3 crore shares) to INR 45.25 crore (4.525 crore shares), indicating a large capital infusion involving other allottees as well. The effective change in the promoter's voting rights is only about 0.05% due to the simultaneous expansion of the company's share base.
The promoter's percentage stake remains nearly unchanged at around 62%, signalling continued majority control and confidence in the company. The large preferential allotment points to a major capital raise, which could dilute existing retail shareholders but also brings fresh funds for business growth.