The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vikas Garg
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Awaiting price reaction for this filing.
Vikas Garg, a Promoter of Eraaya Lifespaces Ltd, acquired 15 lakh equity shares on January 1, 2026, through the conversion of an equal number of warrants that were earlier allotted to him on a preferential basis. The conversion price was Rs. 81 per share (including Rs. 80 premium). After this conversion, his direct shareholding stands at 18 lakh shares, representing 0.90% of the company's paid-up equity capital and 0.54% of the diluted voting capital. Including 32 lakh warrants still pending conversion, his total convertible position remains at 50 lakh units (1.49% of diluted capital). The newly allotted shares will rank pari-passu with existing shares and are subject to the stipulated lock-in period. As a result of this allotment, the company's total equity capital has increased from Rs. 19.93 crore to Rs. 20.08 crore.
Promoter increasing direct equity stake via warrant conversion is a mildly positive confidence signal, but since overall promoter holding remains very small (under 2% of diluted capital), material impact on share price is unlikely.