The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandra Trading & Investment Pvt Ltd & PACs
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Chandra Trading and Investment Pvt Ltd and its Persons Acting in Concert (PACs), part of the promoter group of Kay Power and Paper Ltd, acquired 30,00,000 equity shares (8.21% of total share capital) on October 11, 2025, through the conversion of warrants allotted on a preferential basis. Before the acquisition, the promoter group held 46.54% of voting shares (1,48,19,746 shares); after the acquisition, their voting shareholding rose to exactly 50.00% (1,78,19,746 shares). On a fully diluted basis, their holding stands at 48.76%, just below the 50% mark. The company's total equity share capital expanded from Rs. 31.84 crore to Rs. 34.94 crore (3.18 crore to 3.49 crore shares of Rs. 10 each) as a result of this conversion.
The promoter group has hit the 50% voting rights threshold, which could trigger open offer obligations or additional SEBI SAST compliance requirements. For shareholders, this signals continued promoter confidence and consolidation of control, though it also reduces the free float available in the market.