The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sonali Abhaykumar Parmar
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Sonali Abhaykumar Parmar acquired 6,00,000 equity shares of Darjeeling Ropeway Company Limited (BSE: 539770) on 20th October 2025, taking her holding from 0% to 12.37% of the total share capital. The acquisition was made through a preferential allotment, as the company's total equity capital expanded from 30.5 lakh shares to 48.5 lakh shares (Rs. 4.85 crore). The acquirer is not part of the promoter or promoter group, making her a new non-promoter shareholder. This disclosure was filed under SEBI's SAST Regulation 29(1), which is triggered when any acquirer's holding crosses the 5% threshold.
A new non-promoter shareholder now holds a sizeable 12.37% stake in this small-cap company, while existing shareholders face roughly 37% dilution due to the preferential issue expanding the equity base. Retail investors should note this is a low-float, thinly-traded stock where a single large stakeholder can significantly influence price action.