The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ascentedge Advisors LLP
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Ascentedge Advisors LLP, a non-promoter entity, has disclosed the acquisition of 5,00,000 equity shares (6.27% of voting capital) of The Indian Link Chain Manufacturers Limited through a preferential allotment dated 17 September 2025. This acquisition crosses the 5% disclosure threshold under SEBI's Takeover Regulations, triggering the Regulation 29(1) filing. The company's equity share capital remains at 26,75,000 shares, while the fully diluted share capital stands at 79,75,000 shares. Prior to this acquisition, Ascentedge Advisors LLP held no shares in the company.
A new non-promoter entity now holds 6.27% stake in the company, which could influence governance dynamics and future board decisions. Shareholders should monitor for any further acquisitions by this entity, as additional purchases above 10% could trigger an open offer obligation.