The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aijaz Investments & Estates Pvt Ltd
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.3 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Aijaz Investments & Estates Pvt Ltd, part of the promoter group of K&R Rail Engineering Ltd, has been allotted 8,81,600 equity shares upon conversion of 7% Optionally Convertible Redeemable Preference Shares of Rs. 10 each. This increased the promoter group entity's stake from 4,02,953 shares (1.41%) to 12,84,553 shares (3.07%). The transaction was carried out on 30 October 2025 and involved no cash transaction—it was a pre-agreed conversion of instruments already held. The total equity share capital of the company remains 4,18,07,812 shares. This is a disclosure under Regulation 29(2) of SEBI Takeover Regulations.
This is a non-cash, pre-structured conversion of preference shares into equity, not a fresh market purchase, so it is unlikely to cause any share price movement. However, it does increase the promoter group's stake, which signals confidence in the company's long-term prospects.