The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kitec Industries (India) Pvt Ltd
EMMBI · price
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Kitec Industries (India) Pvt Ltd, part of the promoter/promoter group of Emmbi Industries, has disclosed the conversion of 7,66,667 share warrants into equity shares on 24th May 2025. This increased Kitec's holding in Emmbi from 9,18,333 shares (4.97%) to 16,85,000 shares (8.76%) — a rise of about 3.98 percentage points. The conversion also raised Emmbi's total equity share capital from Rs. 18.47 crore to Rs. 19.24 crore (i.e., from 1,84,73,583 to 1,92,40,250 equity shares of Rs. 10 each). The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011.
This is a positive signal for shareholders as it shows promoter confidence — the promoter group is increasing its economic stake in the company. Since the shares arose from a pre-agreed warrant conversion (not an open-market purchase), there is no immediate demand-supply effect on the stock price, though promoter skin-in-the-game is meaningfully higher now.