The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sushma Bangad, Shradha Bangad, Pranali Bangat, ....
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Four acquirers acting in concert — Sushma Bangad, Shradha Bangad, Pranali Bangad, and Alpha Financials — were allotted a total of 15,00,000 equity shares (7.54% of the expanded capital) of Jeevan Scientific Technology Ltd on January 2, 2026 through a preferential issue on a cash basis. Individually, Sushma and Pranali got 3,00,000 shares each (1.51%), Shradha got 4,00,000 shares (2.01%), and Alpha Financials got 5,00,000 shares (2.51%). The company's total share capital expanded from Rs. 15.83 crore (1,58,33,965 shares) to Rs. 19.92 crore (1,99,18,965 shares), indicating other allottees also participated in the preferential issue. The acquirers have stated they do not belong to the promoter/promoter group, and the disclosure was triggered because their combined holding crossed the 5% SAST threshold.
This signals fresh equity infusion from non-promoter investors, raising capital for the company but diluting existing shareholders by roughly 20%. The stock may see short-term pressure from dilution, though the new capital could support growth if deployed productively.