The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Riddhi Landmark LLP
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Riddhi Landmark LLP, a non-promoter entity, has acquired 500,000 equity shares of Jhaveri Credits & Capital Ltd through a preferential allotment (245,600 shares on 30/08/2025 and 254,400 shares on 02/09/2025). Prior to this acquisition, Riddhi Landmark held 500,000 shares (5.27%); after the acquisition, its holding doubled to 1,000,000 shares, representing 10.54% of the company's equity share capital. The company's total share capital stands at Rs. 9.48 crore divided into 94,85,936 equity shares of Rs. 10 each. The acquirer has confirmed it does not belong to the promoter or promoter group of the company.
An external non-promoter entity has crossed the 10% shareholding threshold, which means any further acquisition will attract additional SAST disclosure obligations and potentially open offer requirements. Retail investors should note that a sizable preferential allotment to a single non-promoter party has resulted in concentrated ownership, which could affect future control dynamics and share price stability.