The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Urvee Bothra Dugar
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Urvee Bothra Dugar, part of the promoter group, has been allotted 8,50,000 fully paid-up equity shares (6.94%) via preferential allotment on January 9, 2026. Her holding rose from 10,000 shares (0.33%) to 8,60,000 shares (7.02%) of the company. The preferential allotment significantly expanded the company's equity capital from Rs. 3 crore (30,00,200 shares) to Rs. 12.25 crore (1,22,50,200 shares), a more than four-fold increase. This is a regulatory disclosure under SEBI's takeover regulations to inform the stock exchanges of the change in promoter group shareholding.
The promoter group's increased commitment via preferential allotment signals confidence in the company and brings fresh capital into the business. However, the large dilution (share count increased ~4x) means existing shareholders now own a much smaller proportional stake, which may weigh on the stock in the short term.