The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shankar Varadharajan & PACs
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Promoter Mr. Shankar Varadharajan, along with PACs FMV Holdings Pte Ltd and Mr. Ravindran Govindan, acquired 60,00,000 equity shares of Fischer Medical Ventures Ltd through preferential allotment upon conversion of warrants on 31 March 2026. This raised Shankar's direct holding from 10.64% (6.90 crore shares) to 11.46% (7.50 crore shares), while FMV Holdings Pte Ltd's holding stood at 50.69% (33.18 crore shares). The promoter group's combined holding (equity plus warrants) moved from 61.80% to 62.15% of total share capital, now also counting 1.10 crore warrants held by Shankar and 2.30 crore warrants held by FMV Holdings. Total equity capital of the company increased from 64.85 crore to 65.45 crore shares of Re. 1 each as a result of the allotment.
This is a promoter-led acquisition via warrant conversion, signalling continued promoter confidence in the company. Shankar's personal stake grew while the overall promoter group holding strengthened, which is broadly viewed as a positive signal for shareholders. No shares were sold or pledged.