The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Uday Kanaiyalal Mandaliya
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Uday Kanaiyalal Mandaliya, a non-promoter acquirer, disclosed under SEBI SAST Regulation 29(1) that his shareholding in Arunis Abode Limited rose from 16,155 shares (0.54%) to 28,76,155 shares (5.64%). The increase of 28,60,000 shares came through allotment in the company's Rights Issue on 15th September 2025. The total voting capital of Arunis Abode expanded from Rs. 3 crore (30 lakh shares) to Rs. 51 crore (5.10 crore shares of Rs. 10 each) following the rights issue allotment.
This is a routine regulatory disclosure triggered because the acquirer crossed the 5% voting rights threshold via the rights issue. No takeover offer is required as the acquirer is not a promoter. For retail shareholders, it signals confidence from a non-promoter shareholder participating in the rights issue, but does not change control of the company.