The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ashok Kabra & Others
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Seven acquirers acting in concert — Ashok Kabra, Manju Kabra, Lokesh Kabra, Vidhi Kabra, Jugal Kabra, Sangeeta Kabra, and Krishna Kabra HUF — disclosed that on 16 December 2025 they together acquired 52,50,000 shares (15.67% of the company) through allotment of convertible warrants and inter-se transfer. Each individual holds an equal 7,50,000 shares (2.24%). The filing explicitly states that the acquirers are NOT part of the promoter/promoter group. The company's equity capital expanded from ₹1.42 crore to ₹3.35 crore (face value ₹5 per share), indicating a large warrant conversion or preferential allotment event.
Non-promoter acquirers crossing the 10% disclosure threshold is a notable event for retail shareholders — it means a new significant shareholder group has built a sizeable stake without a formal open offer, so investors should watch whether this leads to management changes or further stake increases triggering SAST open-offer obligations.