The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Padmaja Private Trust
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Padmaja Private Trust, which is not part of the promoter/promoter group, was allotted 15,00,000 equity shares (7.53%) of Jeevan Scientific Technology Ltd on 02-01-2026 through a cash-basis preferential issue. This triggered the SAST Regulation 29(1) disclosure since the holding crossed the 5% reporting threshold. As a result, the company's total share count increased from 1,58,33,965 to 1,99,18,965 equity shares, an expansion of roughly 26%. The trust's holding prior to the allotment was nil.
Existing shareholders face a significant (~26%) equity dilution due to this preferential allotment, with a non-promoter private trust now becoming a notable 7.53% stakeholder. The fresh shares were issued for cash, bringing in new capital but also spreading ownership thinner for current investors.