The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shreeram Bagla
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Shreeram Bagla, part of the promoter and promoter group of Dhruva Capital Services Ltd, has disclosed an acquisition under SEBI SAST Regulation 29(2). On 30 July 2025, he was allotted 11,00,000 equity shares (3.72%) and 8,00,000 warrants (10.01% on diluted basis) through a preferential allotment approved by the Board. His personal holding rose from 10,80,400 shares (26.60%) to 21,80,400 shares (30.32%) of the company. The company's total equity capital expanded sharply from Rs. 40.61 lakh to Rs. 7.19 crore, reflecting the preferential issue.
The acquisition strengthens the promoter group's commitment to the company through fresh capital infusion, which is a positive signal of promoter confidence. However, because the preferential allotment substantially increased the total share base, the combined promoter group holding effectively diluted from 54.18% to 45.91%, slipping below the 50% majority mark on a non-diluted basis. Shareholders should note this dilution alongside the increased promoter stake.