The Board of the Directors of Devinsu Trading Limited ('the Company') at its meeting held today i.e., Wednesday, July 09, 2025 has inter-alia, considered and approved the following businesses ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Devinsu Trading's board met on July 9, 2025 and approved several key items. The main highlight is a change of control: Mr. Deniis Desai has signed a Share Purchase Agreement to buy 91,493 equity shares (18.30%) from the existing promoter Sunshine Fibre at Rs. 350 per share, and will additionally receive a preferential allotment of 80,000 equity shares at the same price. This triggers an Open Offer under SEBI takeover rules, after which Mr. Desai will become the new promoter. The board also approved issuing 1,30,000 equity shares total at Rs. 350 each (Rs. 4.55 crore aggregate) to Mr. Desai and five strategic investors. Additionally, the Authorised Share Capital structure was altered by reclassifying preference shares into equity shares. The board appointed Mr. Vinayak Pawar as the new Chief Financial Officer effective the same day. AGM is scheduled for August 4, 2025.
Shareholders should note this is a significant change-of-control event with a takeover price benchmark of Rs. 350 per share, well above face value of Rs. 10. An Open Offer to public shareholders will follow once SEBI approves. The entry of a new promoter and strategic investors, along with the new CFO, signals a possible shift in business direction worth monitoring.