The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepak Jugalkishore Chokhani
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Deepak Jugalkishore Chokhani, a non-promoter individual, disclosed acquisition of 2,50,000 equity shares (1.93% of the voting capital) of Dhruva Capital Services Ltd through a preferential allotment made by the Board on 30/07/2025. His holding rose from 1,43,999 shares (3.55%) to 3,93,999 shares (5.48%), crossing the 5% disclosure threshold under SEBI SAST Regulations. The allotment significantly expanded the company's equity base from 40.61 lakh shares to 71.90 lakh shares (face value Rs. 10 each), nearly doubling the share capital.
The acquisition is via preferential issue rather than open market, so it has no direct impact on stock price discovery. However, the sharp rise in share capital and the acquirer's new 5.48% non-promoter holding are worth tracking, as further acquisitions crossing the 10% threshold would trigger an open offer obligation under takeover rules.