The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pranali Bangad & PACs
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Jeevan Scientific Technology Ltd (BSE: 538837) disclosed a preferential allotment of 3,00,000 equity shares to Pranali Bangad on January 2, 2026, on a cash basis. The disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 was filed by Pranali Bangad along with Persons Acting in Concert — Sushma Bangad, Shradha Bangad, and Alpha Financials. The filing explicitly states the acquirers do NOT belong to the promoter or promoter group. Following this preferential issue, the company's total equity share capital expanded from 1,58,33,965 shares (Rs. 15.83 crore) to 1,99,18,965 shares (Rs. 19.92 crore), indicating multiple allottees in the same preferential round. The Reg 29(1) filing is the mandatory disclosure triggered when an acquirer's creeping acquisition crosses the 5% shareholding threshold.
This is a non-promoter investor increasing stake through a preferential allotment at a pre-agreed price, which is generally a routine capital-raising event rather than a market-driven price catalyst. Shareholders should note dilution of roughly 26% in share count, but the allotment price and use of funds will be key in determining the impact on existing shareholders.