The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HSM Investments Ltd
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HSM Investments Ltd, part of the Promoter Group of Hindusthan Udyog Ltd, has disclosed an off-market acquisition of 19,07,120 equity shares (30.78%) of the company on 15th November 2025. The acquisition was made pursuant to a Scheme of Amalgamation and is exempt under Regulation 10(1)(d)(i) of SEBI Takeover Regulations. After this acquisition, the Promoter Group's holding has increased sharply from 1,40,279 shares (2.26%) to 20,47,399 shares (33.05%). The total voting capital of Hindusthan Udyog Ltd stands at Rs. 6,19,49,960, and no open offer trigger is applicable since the transaction falls under the amalgamation exemption.
The Promoter Group has consolidated its control in Hindusthan Udyog Ltd, moving from a marginal 2.26% stake to a substantial 33.05% stake through a non-cash scheme-driven transfer. Shareholders should note that promoter holding remains below the 50% majority mark, meaning the company is not promoter-controlled in an absolute sense, and the deal structure (amalgamation exemption) means no open offer obligation arises for other shareholders.