The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sushma Nanda & Others

Promoter bought stakeCreeping acquisition near the thresholdOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹38.90

prior close

₹39.36

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.3%+1.6% vs market

Diversified Retail peers, median of 7sector-1.2%+3.1% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 3.1 pts more than its Diversified Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+1.9+0.3+1.6-1.2+3.1

Next day

+0.0+0.7-0.7-1.0+1.0

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UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Sushma Nanda, on behalf of the promoter and promoter group, has disclosed that 14,00,000 fully convertible warrants (face value Rs. 10 each) were allotted to her on a preferential basis on May 23, 2025. These warrants represent about 9.97% of the diluted share capital. Post-allotment, Sushma Nanda holds 14,00,000 warrants (8.14% diluted), and along with PACs (Mr. Nikhil Nanda, Mr. Harish Chander Nanda, Mr. Daljit Singh Grewal, and JHS Svendgaard Laboratories Ltd), the combined promoter group holding stands at 44,52,798 shares/warrants, equivalent to 44.86% of total voting capital and 37.36% of diluted capital. Voting capital remains unchanged at Rs. 6.80 crore (68,04,600 shares), while total diluted capital post-allotment is Rs. 17.19 crore (1,71,95,957 shares on a fully diluted basis).

Likely market impact

This is a promoter-driven capital infusion via warrants rather than a market purchase, signaling the promoter group's confidence and willingness to deepen its stake. The promoter group sits just below the 50% majority threshold at 44.86% voting capital, so if these warrants are eventually converted, the group's grip on the company will strengthen further. Shareholders should view this as a positive sign of promoter commitment, though full conversion will depend on exercise and future funding.