The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bakul Premchand Jain & Others
DCW · price
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DCW Ltd has informed the exchanges about a disclosure received from Mr. Bakul Premchand Jain on behalf of acquirers and persons acting in concert (PAC), relating to equity shares issued and allotted on February 19, 2026 pursuant to a Scheme of Amalgamation approved by the NCLT, Ahmedabad Bench. The acquirers are 15 promoter group entities, mainly members of the Jain family and associated holding companies. As a result of this allotment, the combined holding of acquirers and PACs in DCW increased from 5,74,60,918 shares (19.47%) to 11,12,01,268 shares (37.68%) of the total share capital. The shares were received primarily from the merger of Sahu Brothers Private Limited (which held 17.77% pre-transaction and 0% post) and Dhrangadhra Trading Company Pvt Ltd into the promoter group entities. The acquirers are exempt from making an open offer under Regulation 10(1)(d)(ii) since this is a scheme-based allotment approved by NCLT.
The promoter group's stake in DCW Ltd has nearly doubled from about 19.5% to 37.7%, consolidating their control through a court-approved amalgamation rather than open market purchases. This is positive for shareholders as it signals promoter commitment, though the promoter group remains below the 50% threshold so no takeover implications arise.