The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sangitaben Niteshbhai Vaghasiya
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Sangitaben Niteshbhai Vaghasiya, along with persons acting in concert (Nitesh P. Vaghasiya and Nitesh P. Vaghasiya HUF), has acquired 5,00,000 equity shares of Jigar Cables Ltd through a preferential allotment on August 29, 2025. This increased her holding from 2,74,000 shares (3.90%) to 7,74,000 shares (8.59%) of the company. The preferential allotment also expanded the company's share capital from 70,32,000 shares to 90,12,000 shares, confirming new shares were issued. The acquirer is confirmed as not belonging to the promoter or promoter group.
A non-promoter shareholder has crossed the 5% disclosure threshold and now holds 8.59% of the company, making her a significant minority shareholder. Shareholders should note the expansion of share capital through preferential allotment, which dilutes existing holdings by roughly 22%, and watch for any further acquisitions approaching the next regulatory threshold of 10%.