The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Simple Agarwal
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Genus Prime Infra Ltd's promoter group acquired 3,22,35,205 equity shares (41.34%) through a Scheme of Arrangement approved by NCLT. The acquisition was completed on April 10, 2026, and the company's equity share capital increased from 1,49,26,440 shares to 7,79,77,210 shares after allotment of 63,050,770 new shares. Simple Agarwal, an individual promoter, held 75,800 shares (0.10%) both before and after the transaction, indicating his personal holding remained unchanged despite the group-level restructuring. The total promoter group holding increased from 74.96% to 55.69% of the fully diluted capital.
This reflects a corporate restructuring via NCLT-approved scheme rather than a market transaction. While the promoter group's absolute share count increased significantly, their percentage holding diluted from 74.96% to 55.69% due to the large increase in total share capital. Simple Agarwal's personal stake did not change.