The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashish Kacholia & PACs
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Ashish Kacholia, along with persons acting in concert (RBA Finance & Investment Company, Dar's Business Finance, and Everest Finance & Investment Company), has filed a revised SAST disclosure for Cosmic CRF Ltd. The group acquired 619,600 equity shares (6.74% of paid-up capital) via preferential allotment on March 10, 2025. This raised their combined holding from 11.65% to 18.40% of the company's share capital (17.79% on a diluted basis), crossing the 15% regulatory disclosure threshold. The acquirers are not part of the promoter/promoter group. The company's equity share capital expanded from 8,198,000 to 9,187,643 shares as a result of this preferential issue.
A well-known investor increasing his stake above 15% via preferential allotment is generally viewed as a confidence signal and may be positive for the stock. However, since these shares were allotted (not bought in the open market), there is no direct price impact. Retail shareholders should note that a non-promoter holding of nearly 18.4% gives significant influence over company decisions.