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.
Awaiting price reaction for this filing.
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.