The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Evolution Capital Advisory Services Pvt Ltd & PACs
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Evolution Capital Advisory Services Pvt Ltd, along with PAC Ms. Jeevika Dharmendra Shah, has acquired 10,00,000 equity shares of Kranti Industries Ltd by converting an equal number of warrants into shares. The equity shares were allotted on February 12, 2025 and credited to the acquirer's demat account on April 02, 2025. Before the conversion, the acquirer held 1.077% in shares and 11.989% in warrants (total 13.066%). After conversion, shareholding rose to 9.070% while warrants dropped to 3.996%, keeping total aggregate holding steady at 13.066% on a fully diluted basis. The acquirer is not part of the promoter/promoter group. Kranti Industries' total share capital expanded from 1,14,10,400 to 1,24,10,400 equity shares as a result of this allotment.
This is a non-promoter creeping acquisition via warrant conversion, moving the acquirer closer to the 25% open-offer trigger threshold under SAST rules. Shareholders should note the rising non-promoter stake, but no immediate price impact is expected as this was a pre-committed warrant exercise rather than a market purchase.