The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohit Arora & PACs
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Davin Sons Retail's promoter group, led by Mohit Arora and Nohit Arora along with PACs (Sonam Arora, Davinder Arora, Lalita Rani), has acquired 11,50,000 warrants convertible into equity shares through a preferential allotment dated December 15, 2025. Mohit Arora received 6,50,000 warrants and Nohit Arora received 5,00,000 warrants. The company's board also allotted 13,50,000 equity shares to non-promoter entities in the same meeting. Post-allotment, the equity share capital rose to Rs. 6.61 crore (66,12,792 shares) from Rs. 5.26 crore, and on a fully diluted basis (after warrant conversion) the capital will reach Rs. 7.76 crore. The promoter group's aggregate equity holding stands at about 50.28% of the expanded equity base, with potential to rise further once warrants are converted.
This is a promoter-led capital infusion that signals insider confidence in the company. While the promoter group's percentage on equity has slightly diluted (from 63.18% to ~50.28%) due to fresh non-promoter shares being issued, their absolute holding increases once the warrants are exercised, reinforcing their controlling stake.