Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
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Mr. Shreeram Bagla, part of the promoter group of Dhruva Capital Services Ltd, has acquired 11,00,000 equity shares (3.72%) and 8,00,000 warrants through a preferential allotment made by the Board on 30/07/2025. His individual holding has risen from 10,80,400 shares (26.60%) to 21,80,400 shares (30.32%), with his total diluted holding now at 37.30%. The company's equity capital expanded sharply from Rs. 40.61 lakh (4,06,170 shares) to Rs. 7.19 crore (71,90,336 shares) due to this allotment. As a result, the overall promoter group's stake has come down from 54.18% to 45.91%, even though Shreeram Bagla personally acquired more shares. The disclosure is filed under Regulation 29(2) of SEBI's Takeover Regulations.
Existing non-promoter shareholders have been diluted significantly by the preferential issue, and the promoter group has lost its majority stake, dropping below 50%. While Shreeram Bagla himself is investing more, the loss of majority control at the group level could affect decision-making and trigger takeover-related implications.