The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shrinivas V Dempo & Others
HNDFDS · price
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The Dempo promoter group has disclosed a significant acquisition in Hindustan Foods Limited, increasing their collective holding from 2.09% to 18.62%. The acquisition of 2,00,89,955 shares (16.58%) was executed through a scheme of arrangement involving Avalon Cosmetics Private Limited and Vanity Case India Private Limited, with shares allotted on 21.05.2026. V.S. Dempo Holdings Private Limited acquired the largest chunk with 1,28,99,157 shares (10.65%), while Vassudeva Dempo Family Private Trust acquired 57,94,994 shares (4.78%). The share capital increased from Rs. 23,89,63,524 to Rs. 24,23,25,404 post-transaction. The filing confirms no pledges or encumbrances on the acquired shares.
The promoter group has substantially increased their stake from ~2% to ~18.6%, which is a strong positive signal for existing shareholders as it indicates promoter confidence in the company's future. This significant increase in promoter holding could be viewed favourably by the market.