The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajasthan Global Securities Pvt Ltd & PACs

Creeping Acquisition Near ThresholdOwnership Changes View source PDF Explain this filing

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AI summary

Rajasthan Global Securities Pvt Ltd along with PAC LRSD Securities Pvt Ltd acquired 7,84,000 shares (7.54%) in Kasturi Metal Composite Ltd through IPO allotment on 03.02.2026. Prior to this, the acquirer held 0% in the company and does not belong to the promoter/promoter group. The disclosure was filed under SEBI's Takeover Regulations because the acquisition crossed the 5% disclosure threshold. Kasturi Metal Composite is listed on the BSE-SME platform with a total equity capital of 1,03,95,212 shares of Rs. 10 each. This appears to be a post-listing disclosure following the company's recent IPO.

Likely market impact

A 7.54% strategic block held by an institutional-style investor (not a promoter) may provide some price support post-listing but could also create overhang if they choose to exit. Investors should watch for any further acquisitions approaching the 10% creeping threshold.