The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Swapna Gunda
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Swapna Gunda has disclosed the acquisition of 1,62,000 equity shares (8.82%) of Cospower Engineering Ltd under SEBI's SAST Regulation 29(1). The shares were acquired via a preferential allotment and were credited to the demat account on March 06, 2026. Before this acquisition, Swapna Gunda held zero shares in the company, meaning this is a fresh entry as a new substantial shareholder. The company's equity share capital rose from Rs. 1.67 crore (16,74,500 shares of Rs. 10 each) to Rs. 1.84 crore (18,36,500 shares of Rs. 10 each) post-allotment. Importantly, the acquirer is not part of the promoter or promoter group, marking this as a new non-promoter investor taking a meaningful stake.
Existing shareholders face dilution of about 8.82% from the preferential allotment, and a new non-promoter substantial shareholder has emerged. The stock could see short-term volatility due to the new sizeable stakeholder, though the preferential route suggests the company raised capital at a known price.