The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aegis Investment Fund PCC
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Aegis Investment Fund PCC, a non-promoter entity, has received 14,14,285 convertible warrants in Expo Engineering via preferential allotment, dated 26 September 2025. Each warrant has a face value of Rs.4 with a premium of Rs.66, giving an issue price of Rs.70, and is convertible into equity within 18 months. After this allotment, Aegis's potential holding on a diluted basis rises from 3.00% to 8.45%, while its current equity holding remains at 3.41% (7,77,727 shares). The total preferential issue comprised 31,45,715 warrants allotted to both promoter and non-promoter groups, approved by shareholders on 27 June 2025. The company's equity share capital stays unchanged at Rs. 91.19 lakh (2.27 crore shares of Rs.4 each), with diluted capital expanding to Rs. 10.38 crore after the warrant allotment.
A non-promoter fund is meaningfully raising its potential stake through warrants, moving close to the 10% disclosure threshold — existing shareholders should note the dilution risk if all warrants are eventually converted into equity shares.