The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neomile Corporate Advisory Ltd
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Neomile Corporate Advisory Ltd along with PAC Neomile Growth Fund-Series 1 (non-promoter) has acquired 21,41,000 equity shares (15.57% stake) of Earkart Ltd, as disclosed under SEBI SAST Regulation 29(1). Before this acquisition, the acquirer held no shares in the company. The acquisition was made through a combination of Open Market purchases and Public Issue subscription on 3rd October 2025. The total equity/voting capital of Earkart Ltd stands at 1,37,53,932 shares.
A 15.57% stake acquisition by a non-promoter entity in a single filing is significant — it makes Neomile a substantial shareholder and could influence board composition or future corporate actions. The use of Public Issue route also means fresh capital infusion for Earkart Ltd.