The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shradha Bangad & PACs
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Shradha Bangad, along with Persons Acting in Concert (Pranali Bangad, Sushma Bangad, and Alpha Financials), has filed a disclosure under SEBI SAST Regulation 29(1) for acquiring equity shares of Jeevan Scientific Technology Ltd through a preferential allotment on 2 January 2026 on a cash basis. Shradha Bangad individually received an allotment of 4,00,000 shares, raising her holding from 0% to about 2.01%. Together, the PAC group's combined holding has risen from approximately 7.54% to around 15.06% of the company's share capital. The filing explicitly states that the acquirer does not belong to the promoter or promoter group. This disclosure was triggered because the PAC group's aggregate holding has crossed the 15% threshold of voting capital.
Since the acquirers are non-promoters, this is an increase in non-promoter (investor group) stake via preferential allotment, which is typically dilutive for existing shareholders. Shareholders should note that new shares were issued on a cash basis, expanding the equity capital, and that a non-promoter group now holds over 15% of the company.