The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratap Deshmukh & PACs
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Pratap Deshmukh, along with 8 Persons Acting in Concert (PACs), disclosed the acquisition of 49,30,000 equity shares (58.63% of total voting capital) of Covidh Technologies Ltd under SEBI SAST Regulations on November 11, 2025. The acquirers stated they do NOT belong to the promoter or promoter group. Prior to this acquisition, they held zero shares in the company. The company's total equity capital expanded from 34,22,220 shares (Rs. 3.42 crore) to 84,08,972 shares (Rs. 8.41 crore), indicating the acquirers participated in a preferential allotment or rights issue. This transaction gives the non-promoter group a controlling majority stake in the company.
A non-promoter group taking a 58.63% stake effectively results in a change of control at Covidh Technologies. Existing shareholders should expect possible open offer obligations under SEBI Takeover Code and significant shifts in management/board composition. This is a major corporate event for the stock despite the small size of the company.