The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vasantkumar Mangroliya
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Vasantkumar Lavjibhai Mangroliya, a non-promoter individual acquirer, has disclosed acquisition of 16,20,000 equity shares (16.20%) of Yash Trading and Finance Limited under Regulation 29(1) of the SEBI Takeover Regulations. The shares were acquired through a preferential allotment and a Share Purchase Agreement (SPA), with 9,00,000 shares allotted on 09.07.2025 and the remaining 7,20,000 to be transferred after completion of the open offer. Prior to this acquisition, the acquirer held zero shares. The company's equity share capital expanded sharply from Rs. 3 crore (30 lakh shares) to Rs. 10 crore (1 crore shares), indicating a large preferential issue that diluted existing shareholders significantly.
A non-promoter acquiring a 16.20% stake in one go is a major event that changes the shareholding pattern and may attract further disclosures under takeover rules. The sharp expansion of share capital through preferential allotment will dilute existing retail shareholders considerably.