Disclosure under Regulation 29 (1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 is attached herewith.
Awaiting price reaction for this filing.
Dharti Proteins Ltd disclosed that Mr. Patel Jatinbhai Ramanbhai (Acquirer), along with PACs Rinkal J Patel and Vandanaben Hiteshkumar Patel, has acquired 4,25,000 equity shares representing 85% of the company's share capital. The acquisition was made pursuant to a Resolution Plan approved by the NCLT Ahmedabad Bench on 18 November 2025 under Section 31 of the Insolvency and Bankruptcy Code, 2016. The board approved the allotment on 20 February 2026, and the post-acquisition equity share capital stands at 5,00,000 shares of Rs. 10 each (Rs. 50 lakh total). The acquirer belongs to the promoter group and is also the Managing Director of the company. This effectively represents a change in control of the company through the corporate insolvency resolution process.
For retail investors, this signals a complete change in control of Dharti Proteins via the IBC route, with the new promoter now holding 85% of shares. The small total share capital (Rs. 50 lakh) and the insolvency-driven nature of the change suggest the stock may see thin liquidity and renewed business activity under the new promoter, but also carries execution and revival risk typical of IBC exits.