The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Singularity Large Value Fund III
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Singularity Large Value Fund III acquired 6,49,600 equity shares of Hemant Surgical Industries Ltd through preferential allotment on May 15, 2026. The shares were allotted upon conversion of convertible warrants. Before this acquisition, the fund held 2,49,600 shares (1.91%). After the acquisition, the combined holding of Singularity Large Value Fund III and its PAC (Singularity Large Value Fund I) stands at 8,99,200 shares representing 6.90% of the company's equity capital. The acquirer is not a promoter or part of the promoter group. The company's share capital increased from Rs. 13.03 crore to Rs. 14.54 crore post-allotment.
This represents a significant institutional investment increase crossing the 5% threshold, which may signal positive sentiment from a sophisticated investor. However, as the acquirer is not a promoter, this does not indicate promoter-level confidence in the company.