The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vaneera Garg & PACs
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vaneera Garg along with PACs (Davinder Garg, Toshak Garg, Daksh Garg, Davinder Garg & Sons, Subhash Chandra Gupta, and Amanpreet Singh Thukral) has filed a disclosure regarding the conversion of 12,00,000 warrants into equity shares of Garg Furnace Ltd. The conversion happened on July 15, 2025, at an issue price of Rs. 195 per share (including Rs. 185 premium). The total equity share capital of the company increased from Rs. 5.01 crore (50,08,700 shares) to Rs. 6.80 crore (68,08,700 shares). The promoter group's voting rights after the conversion stand at 56.91% on a fully diluted basis, which remains unchanged from the pre-conversion level since the warrants were already counted in their diluted holding.
This is a routine instrument conversion – warrants into equity shares – and does not change the promoter group's economic ownership or voting power (stays at 56.91% diluted). No fresh capital infusion from the promoter; no impact on share price expected from this event alone.