The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Kawa & PACs
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Hitesh Natwarlal Kawa, along with PACs Roopal Hitesh Kawa and Hitesh N Kawa HUF (neither a promoter of the target), acquired 1,00,00,000 equity shares (8.67% of total share capital / 6.09% on a diluted basis) in Soma Papers & Industries Ltd through a preferential allotment approved by the Board on 6 October 2025. Prior to this acquisition, the acquirer and PACs held zero shares; post-acquisition, their combined holding stands at 8.67%. The acquirer's individual pieces are: Hitesh Natwarlal Kawa – 54 lakh shares (4.68%), Roopal Hitesh Kawa – 36 lakh shares (3.12%), and Hitesh N Kawa HUF – 10 lakh shares (0.87%). The target's equity capital expanded from ₹1.40 crore (14.02 lakh shares) to ₹115.48 crore (11.55 crore shares) because of this preferential issuance.
A new non-promoter shareholder now holds a sizeable 8.67% stake in Soma Papers, giving meaningful voting influence in corporate actions. Existing shareholders should note significant dilution (equity capital jumped over 80x) and monitor whether the acquirer creeps further toward the 10% mark, which would trigger additional takeover-regulation implications.