BSEITCONS E-Solutions LtdMediumNeutral
Announced Fri, 20 Jun · 18:23 IST

Please find attached herewith the disclosures in form "C" received from Adit Mittal pursuant to regulation 7(2) of SEBI (PIT) regulations, 2015.

Promoter Stake BuyCreeping Acquisition Near ThresholdPromoter Below 50pctOwnership Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Mr. Adit Mittal, a member of the promoter group of ITCONS E-Solutions Ltd, has disclosed the conversion of 93,800 warrants into equity shares at Rs. 53.25 per share, for a total value of approximately Rs. 49.95 lakhs. The transaction was executed on June 19-20, 2025. As a result, his holding in the company increased from 2,75,000 shares (4.75%) to 3,68,800 shares (6.26%), crossing the 5% shareholding threshold. The disclosure has been made under SEBI's Prohibition of Insider Trading Regulations in Form C.

Likely market impact

This is a non-market acquisition via warrant conversion, signaling continued promoter group confidence in the company. Shareholders should note the promoter group's stake has increased above the 5% disclosure threshold, though it remains well below 50%.