The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harsh Vora
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D & H India Limited's promoter group, led by Harsh Vora, has filed a SAST Regulation 29(2) disclosure reporting changes in voting rights following a Rights Issue. The company's total share capital expanded from 81.88 lakh to 1.02 crore equity shares of Rs 10 each. Some promoter group members partially subscribed (Saurabh Vora took 2,87,500 shares, Atithi Vora and Suhani Doshi took 12,500 each), while others did not subscribe to their entitlements. As a result, the combined promoter and promoter group holding dropped from 51.49% to 44.24%, a net decline of about 7.25 percentage points. The change exceeds 2% of total voting rights, which triggered this disclosure filing.
The promoter group's stake has fallen below the 50% mark (from 51.49% to 44.24%), meaning they no longer hold a majority in their own company. This could affect shareholder perception of promoter control and commitment, and may influence governance and future decision-making dynamics at D & H India.