The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sangeeta Pareekh & PACs

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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+7.9%1-day move

₹79.11

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₹82.00

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AI summary

Sangeeta Pareekh and Persons Acting in Concert (PAC) Securocrop Securities India Private Limited have acquired equity shares of Cranex Ltd through conversion of warrants into equity shares via preferential allotment. Sangeeta Pareekh received 90,000 shares (1.12%) and Securocrop Securities received 4,00,000 shares (4.99%), totalling 4,90,000 shares or 6.11% of the post-issue capital. The acquirers explicitly do not belong to the promoter or promoter group. The company's equity capital expanded from Rs. 6.57 crore (65.7 lakh shares) to Rs. 8.02 crore (80.2 lakh shares) following this allotment on April 24, 2026. The newly issued shares will rank pari-passu with existing equity, subject to SEBI ICDR lock-in provisions.

Likely market impact

This is a non-promoter acquisition via warrant conversion, meaning existing shareholders face mild dilution (around 18% increase in share count). Since the acquirers are not promoters, this does not signal any change in control. Shareholders should note the equity expansion but no immediate governance or control implications arise from this filing.