The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sorabh Gupta
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Promoter Mr. Sorabh Gupta has acquired 2,20,000 warrants convertible into equity shares through preferential allotment on 11th May 2026. This represents 2.29% of the company's total issued share capital. Following this acquisition, his total holding (including existing shares and new warrants) stands at 42.51% of current capital or 40.91% on a fully diluted basis. The warrants, once converted, would increase his shareholding to approximately 44.80% of diluted capital. Sorabh Gupta is confirmed as belonging to the Promoter/Promoter group.
A promoter increasing their stake through warrant conversion signals confidence in the company. While currently below the 47% threshold that would trigger an open offer obligation, this acquisition represents continued accumulation by an insider.