The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vijay Thakkar
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Promoter Vijay P. Thakkar converted 62,50,000 share warrants into equity shares of Fervent Synergies Ltd on April 3, 2025, through preferential allotment. Post-conversion, his holding rose from 2,51,50,000 shares (57.49% of total capital) to 3,11,50,000 shares (62.30% of total and diluted capital). This effectively redeemed 96% of the total warrants outstanding in the company. The total share capital of Fervent Synergies expanded from 4.37 crore to 5.00 crore equity shares of Rs. 10 each as a result of this allotment. The company is listed on BSE under code 533896.
Promoter's stake has risen by nearly 5 percentage points to 62.30%, reinforcing his controlling position and signaling strong long-term confidence in the company. Existing shareholders face minor dilution from the fresh equity issuance, but warrant conversion was a pre-committed event with no fresh cash impact on the company.