The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jitendra Sanghavi
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This is a disclosure filed by Jitendra Rasiklal Sanghavi (Acquirer) and two Persons Acting in Concert (PACs) - Bhavi Jitendra Sanghavi and Brijesh Jendra Parekh. Notably, the acquirer is NOT part of the promoter/promoter group. The key finding is that there has been no actual acquisition or sale of shares. The change in shareholding percentage is solely due to dilution from an increase in the company's paid-up capital. The total share count held by acquirer and PACs remained constant at 70,00,000 shares, but the percentage dropped from 6.06% to 4.26% because the company's total share capital increased from 11,54,75,610 shares to 16,40,70,000 shares (a 42% increase) following equity share allotments approved by the Board on 31st March 2026.
No change in actual shares held by the acquirer or PACs - this is a disclosure triggered by passive dilution from company-level capital expansion. The filing has no direct positive or negative implications for the stock as no transaction occurred. Existing shareholders saw their percentage ownership reduce due to new share issuance.