The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Upnishad Holdings Pvt Ltd
ELCIDIN · price
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Upnishad Holdings Private Limited, along with PACs Hydra Trading and Smiti Holding, has filed a disclosure under SEBI Takeover Regulations for a share transaction in Elcid Investments Ltd. The transaction involved the transfer of 18,082 shares (9.041% of the equity) via block deal on September 15, 2025. The shares moved from PAC Hydra Trading to Upnishad Holdings, keeping the combined PAC holding unchanged at 9.041% post-transaction. The acquirers explicitly stated they do not belong to the promoter or promoter group. Elcid Investments has a very small equity base of just 2,00,000 shares of ₹10 each.
This is essentially an internal reshuffling of shares among persons acting in concert (PACs), with no change in total ownership. Since the acquirer is not a promoter and total holding remains at 9.041%, there is no meaningful change in control or voting power. However, the acquirer's holding is now close to the 10% SAST disclosure threshold, which could trigger further compliance requirements if they cross 10%.