The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anilaben Piyushbhai Patel & PACs
ISHANCH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Anilaben Piyushbhai Patel, part of the promoter group of Ishan Dyes and Chemicals Ltd, has acquired 4,23,280 equity shares (face value Rs. 10 each) by converting convertible warrants that were earlier allotted to her on a preferential basis. The conversion/allotment was approved by the Board on 21st March 2026, and the disclosure was filed on 23rd March 2026. Her individual holding on a fully diluted basis remains at 15.74% (25,42,325 shares pre to 29,65,605 shares post), since the warrants were already counted in her diluted holding. The total promoter and PAC group holding stands at 46.81% on a fully diluted basis (1,02,21,002 shares plus 41,65,892 outstanding warrants out of a total diluted share capital of 3,07,25,289 shares). The company's equity share capital has risen from Rs. 26.14 crore to Rs. 26.56 crore because of this conversion.
This is not a fresh market purchase - it is simply the conversion of warrants already allotted to the promoter via a preferential issue, so it does not change the promoter group's economic stake or voting power. The company will have slightly higher share count going forward, which can marginally dilute non-promoter shareholders on a non-diluted basis. For the stock, this is a routine compliance disclosure and is largely neutral.