The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alpha Financials & PACs
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Alpha Financials along with Persons Acting in Concert (Pranali Bangad, Sushma Bangad, and Shradha Bangad) disclosed an acquisition of 15,00,000 equity shares of Jeevan Scientific Technology Ltd through a preferential allotment on 2 January 2026. The acquirers were allotted shares on a cash basis at Rs. 10 per share, with each entity receiving between 3 and 5 lakh shares. Post-allotment, their combined holding stands at 7.54% of the company's share capital, up from 0% earlier. The total equity share capital of the company increased from Rs. 15.83 crore to Rs. 19.92 crore following this preferential issue. The filing clarifies that the acquirers do not belong to the promoter or promoter group.
This is a non-promoter group taking a meaningful 7.54% stake via preferential allotment, which slightly dilutes existing shareholders but brings fresh capital into the company. Investors should note the identity of new significant holders and monitor for any further stake changes approaching regulatory thresholds.