The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Brillant Properties Pvt Ltd
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Brillant Properties Pvt Ltd, a non-promoter entity, has disclosed the conversion of 25,00,000 convertible warrants into 20,00,000 equity shares of Hit Kit Global Solutions Ltd at Rs. 2 per share via preferential allotment on 9 June 2025. After conversion, Brillant Properties holds 20,00,000 shares (4.13% of share capital) plus 5,00,000 warrants (0.89%), totalling 4.60% on a diluted basis — virtually unchanged from its earlier 4.60% warrant-only position. Hit Kit Global's equity share capital rose from Rs. 9.28 crore to Rs. 9.68 crore post-allotment. The acquisition was a pre-planned warrant conversion, not a fresh market purchase, so the acquirer's overall economic interest in the company remains the same.
No real change for retail shareholders — this is a technical conversion of existing warrants into shares; total economic stake stays at ~4.6% on diluted basis. Minor dilution effect for existing shareholders due to expanded share base, but no shift in control or promoter holding.