The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajni Mungra & PACs
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Rajni Mungra, along with Person Acting in Concert (PAC) Varsha Rajni Mungra, has acquired 18,60,000 equity shares of Integrated Proteins Limited through a Preferential Allotment on August 7, 2025. Before this acquisition, their holding was NIL; after the acquisition, they hold 9.94% of the company's total share/voting capital. The company's equity share capital expanded from 32,03,600 shares (Rs. 3.20 crore) to 1,87,13,600 shares (Rs. 18.71 crore), indicating a large preferential issue where multiple allottees participated, with Rajni Mungra and PAC receiving 18,60,000 shares. The acquirers do not belong to the promoter/promoter group. The acquisition places them just below the 10% SAST open offer trigger threshold.
A non-promoter entity acquiring nearly 10% stake through preferential allotment signals a new strategic investor entering the company. Since the holding is just under the 10% mark, no mandatory open offer is triggered. Shareholders should note the significant equity dilution from the preferential issue (share count rose nearly 6x), which may affect per-share value depending on the price at which shares were allotted.