The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shashank Doshi & PACs
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Shashank Doshi along with Persons Acting in Concert (PACs) — Hetal Doshi, Tej Doshi, and Kavya Doshi — acquired 44,00,000 equity shares (23.52%) of Integrated Proteins Limited through a preferential allotment on August 7, 2025. Before this acquisition, the group held NIL shares; the 23.52% stake came from conversion/exercise of warrants or convertible securities into equity. Importantly, the acquirer has explicitly disclosed that he does NOT belong to the promoter or promoter group of the company. As a result, the company's total share capital expanded from approximately 1,32,03,600 shares to 1,87,13,600 shares (face value Rs. 10 each). The acquisition was completed in a single block via preferential allotment rather than through open market purchases.
A non-promoter entity now holds nearly a quarter of the company (23.52%), sitting just below the 25% open-offer trigger threshold under SEBI Takeover Code. Shareholders should monitor whether the acquirer increases holdings beyond 25%, which would compel a mandatory open offer to all shareholders at a regulated price.