The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dharmendrabhai Jasanti & PACs
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Arunis Abode Limited completed a large Rights Issue on September 12, 2025, expanding its equity share capital from Rs. 3 crore (30 lakh shares) to Rs. 51 crore (5.1 crore shares), issuing 4.8 crore new equity shares. Promoter Dharmendrabhai Becharbhai Jasani subscribed to his entitlement and was allotted 83,33,333 equity shares, while fellow promoter Yagnik Tank and PAC Ayush Jasani did not subscribe. As a result, total promoter and PAC holding moved from 21,11,208 shares (70.37%) to 1,04,44,541 shares, but their percentage stake fell sharply to 20.48% due to the massive expansion of the share base. No encumbrance, pledge, or off-market transfer is involved — this is purely a rights-based allotment.
Although the promoter group increased their absolute shareholding, their effective control in the company has dropped well below the 50% threshold, meaning public and other shareholders now hold the majority stake. This significant dilution could affect stock price dynamics, voting power, and future corporate decisions, and may trigger concerns about reduced promoter influence going forward.