The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shantanu Upadhyay & Lata Upadhyay
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Shantanu Upadhyay (acquirer) and Lata Upadhyay (PAC), who are NOT part of the promoter/promoter group, have disclosed acquisition of equity shares pursuant to conversion of warrants allotted earlier. On February 21, 2026, Shantanu Upadhyay received 8,50,000 shares and Lata Upadhyay received 3,75,000 shares through this warrant conversion. As a result, their combined voting holding in Kati Patang Lifestyle Ltd has increased from 10.29% (pre-acquisition, including warrants) to 11.58% (post-acquisition, on fully diluted basis). The acquisition was done via allotment upon conversion of warrants, not through open market purchase. The total share capital of the company remains unchanged at Rs. 41.33 crore (4.13 crore fully paid-up shares of Rs. 10 each plus partly paid-up shares).
This is a non-promoter, non-open-market acquisition (warrant conversion) that takes the acquirer-PAC combine above the 10% takeover threshold to 11.58%. Since the acquirers are not promoters, this is informational disclosure rather than a promoter-driven price catalyst. Retail investors should note that further acquisitions by these entities approaching the 15% open-market offer trigger will require additional disclosures.