The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rodrigues Bhagvandas Lily & Others
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Promoters Rodrigues Bhagvandas Lily and Venkatachalam Prasad Erramilli (acting in concert) acquired additional equity shares through a preferential allotment on March 2, 2026. Each received 1,16,48,416 shares, together adding 2,32,96,832 shares (3.92% of pre-allotment capital) to the promoter group's holding. Their combined stake rose from 50.08% (2,60,32,184 shares) to 54.00% (4,93,29,016 shares) of voting capital. The company's total equity share capital expanded from ₹51.98 crore (5.19 crore shares) to ₹91.34 crore (9.13 crore shares) as a result. No encumbrance, pledge, or voting rights other than equity shares were involved.
Promoter holding has crossed the 54% mark, strengthening controlling shareholders' grip on the company but reducing free float and minority influence. The preferential allotment also infuses over ₹39 crore of new capital, boosting the balance sheet and signaling promoter confidence in the business, though existing shareholders may view further dilution risk.