The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sushma Bangad & PACs
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Sushma Bangad, along with Persons Acting in Concert (Pranali Bangad, Shradha Bangad, and Alpha Financials), was allotted 3,00,000 equity shares of Jeevan Scientific Technology Ltd on January 2, 2026 through a preferential issue on a cash basis. The acquirers are NOT classified as part of the promoter/promoter group. After this allotment, the combined PAC holding stands at roughly 13.57% of the company (Pranali: 1.51%, Sushma: 2.01%, Shradha: 2.51%, Alpha Financials: 7.54%). The company's total equity share capital expanded from Rs. 15.83 crore (1,58,33,965 shares) to Rs. 19.92 crore (1,99,18,965 shares) as a result of the broader preferential issue. The disclosure has been filed with BSE under SEBI's SAST Regulation 29(1).
A non-promoter group has received preferential shares and crossed the 10% combined shareholding threshold, signaling potential strategic investor interest. Existing shareholders face dilution as the company's equity base expanded by roughly 25.8%.