The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Fortune Financial & Equities Services Pvt Ltd
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Fortune Financial & Equities Services Pvt Ltd, a non-promoter entity, filed a disclosure under SEBI SAST Regulations regarding changes in its holding pattern in GHV Infra Projects Ltd. Before the transaction, the acquirer held 25,74,290 shares (3.57%) directly and 46,33,200 shares (6.43%) as encumbrance, totalling 10.00%. On March 2, 2026, through an off-market transaction, 46,33,200 shares (6.43%) shifted from the encumbrance category to direct voting rights. After the transaction, the acquirer holds 72,07,490 shares (10.00%) entirely as direct voting rights. The total shareholding remained unchanged at 10.00%, but the nature of holding converted from pledged/encumbered to free shares.
The total stake is unchanged at 10.00%, so there's no impact on overall ownership. However, the conversion of 6.43% encumbered shares into direct voting rights means the acquirer now has full unrestricted voting power over these shares, indicating a likely pledge release. This reduces pledge-related risk for the stock and gives the acquirer greater flexibility to act on its holdings.