The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for FDRT Consultancy Services Ltd
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Awaiting price reaction for this filing.
FDRT Consultancy Services Limited, part of the promoter group of Galaxy Cloud Kitchens Limited (BSE Scrip Code 506186), has filed a disclosure under SEBI's Takeover Regulations regarding an off-market allotment of equity shares pursuant to the conversion of Compulsorily Convertible Debentures (CCDs) dated 2nd May 2025. FDRT's existing holding stands at 9,74,962 equity shares (1.96%) along with 9,27,786 CCDs, aggregating to 19,02,748 securities representing 3.82% of the company's diluted voting capital. As a result of the CCD conversion, the company's equity share capital increased from 4,72,97,674 to 4,97,77,674 shares, an addition of 24,80,000 shares. Persons Acting in Concert include Central Departmental Stores Pvt Ltd, Niyman Mall Management Company Pvt Ltd, Future Enterprises Ltd, and Nu Business Ventures Pvt Ltd.
This is a routine regulatory disclosure by the promoter group tied to a CCD-to-equity conversion event rather than a fresh open-market purchase. Promoter group effective interest remains modest at 3.82% of the diluted share capital, well below takeover thresholds, so the immediate impact on shareholding pattern or stock price is likely neutral.