The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Oswald Rosario Dsouza & Other
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Promoters Mr. Oswald Rosario Dsouza and Mr. Felix Shridhar Kadam disclosed acquisition of shares in Cospower Engineering Ltd under Regulation 29(2) of SEBI (SAST) Regulations, 2011. Each promoter acquired 17,000 equity shares (1.015% each), totaling 34,000 shares (2.03%), through a preferential allotment on 29 March 2025. The company's total diluted share capital expanded from 15,00,000 to 16,74,500 shares after the preferential issue of 1,74,500 shares. Post-acquisition, the promoters' combined holding stands at 11,01,995 shares (65.81% of the expanded capital), down from 71.20% on pre-issue capital. Despite the percentage dilution due to the larger preferential issue, the promoters' absolute shareholding increased by 34,000 shares.
Promoters continue to hold a controlling stake above 65%, signaling confidence in the company. The dilution in percentage is because the preferential issue included other allottees as well, not a sale by promoters. Shareholders should note the change in capital structure and any funds raised via the preferential issue.