The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Indo Thai Securities Ltd & PACs
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Indo Thai Securities Limited along with 11 Persons Acting in Concert (PACs) acquired 8,84,186 equity shares of D&H India Limited through a Rights Issue on February 19, 2026. Their collective holding in D&H India rose from 80,765 shares (0.99%) to 9,64,951 shares (9.43%) of the paid-up capital. Indo Thai Securities alone holds 7,64% post-allotment. The acquirer group is explicitly NOT part of the promoter/promoter group. D&H India's total share capital expanded from Rs. 8.19 crore (81.88 lakh shares) to Rs. 10.24 crore (1.02 crore shares), indicating a rights issue of roughly 25%. This disclosure was triggered because the acquirer's holding crossed the 5% regulatory threshold.
This is a non-promoter investor group (a securities firm and related entities) increasing its stake via subscription to a rights issue rather than open market buying. The crossing of the 5% threshold means they now have meaningful influence and must report further changes. Existing shareholders' proportional stake would have been diluted if they did not subscribe to the rights issue.