The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nimesh Sahadeo Singh & PACs
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Nimesh Sahadeo Singh along with four Persons Acting in Concert (Kaushik Gandhi, Bijal Gandhi, Priti Singh, Varshit Shah) has acquired 1,17,50,000 equity shares of Soma Papers & Industries Ltd, equal to 10.16% of the total share capital and 7.15% of the diluted share capital. The acquisition was made through a preferential allotment of equity shares and warrants approved by the board on 6th October 2025. The acquirer and PACs are not part of the promoter/promoter group of the company. Post-acquisition, the combined holding of the acquirer and PACs stands at 10.16% of the company, crossing the 10% disclosure threshold under SEBI Takeover Regulations.
A new non-promoter group has crossed the 10% stake threshold in Soma Papers & Industries, which may raise governance and potential takeover concerns for existing shareholders. Investors should watch for further disclosures, as any additional purchase beyond 5% in a financial year would trigger an open offer obligation under SAST norms.