The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kreon Financial Services Ltd
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Kreon Financial Services Ltd, a non-promoter entity, has disclosed an open market acquisition of 15,870 equity shares (1.34%) of Kairosoft AI Solutions Ltd on June 9, 2026. After this purchase, Kreon's total holding in the company has risen from 91,237 shares (7.71%) to 1,07,107 shares (9.05%). The acquisition was done in the open market, and the shares carry voting rights on a pari-passu basis with existing shares. The disclosure was triggered because the acquirer's holding crossed the 9% mark. The total equity share capital of Kairosoft remains unchanged at Rs. 1.18 crore (11,82,956 shares of Rs. 10 each).
Kreon is gradually building a non-promoter stake and is now just below the 10% open offer trigger threshold under SAST rules, which could lead to a mandatory open offer if it crosses 10%. Retail investors should watch for further purchases, as it may indicate growing institutional interest or a potential creeping acquisition that could impact float and stock price.