The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bhavesh Dhirajlal Tanna
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts less than Nifty Microcap 250 and 2.7 pts less than its Specialty Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Bhavesh Dhirajlal Tanna was allotted 4,50,000 equity shares and 15,50,000 convertible warrants by the Board on 24th February 2026 through a preferential basis issue. His direct equity holding rose from 3,90,000 shares (2.84%) to 8,40,000 shares (5.86% on non-diluted basis). Including the warrants, his aggregate potential holding climbs to 23,90,000 shares representing 13.82% of the company's diluted share capital. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, triggered because his stake crossed the 5% and 10% thresholds.
This is a positive signal of promoter confidence and commitment, as the promoter is putting more skin in the game through a preferential allotment rather than a market sale. For shareholders, this means increased promoter alignment, though it also leads to dilution from the new equity and warrant issuance.