The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaidev Rajnikant Shroff
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Jaidev Rajnikant Shroff, a Non-Promoter individual, has been allotted 11,00,000 equity shares of MSL Global Limited (formerly Madhusudan Securities Ltd) on 10 July 2025 through the conversion of warrants. The shares were issued at a face value of Rs.10 each with a premium of Rs.18 each. After the allotment, Shroff holds 7.55% of the total voting share capital and 3.24% of the fully diluted share capital of the company. The company's total equity share capital increased from 1,10,95,487 shares to 1,45,62,153 shares following this and other related allotments, with a total of 34,66,666 shares issued to promoters and strategic investors via warrant conversion.
This is a non-promoter strategic investor increasing their stake through preferential warrant conversion, which may be viewed positively as it signals investor confidence. The dilution of existing shareholders is limited and part of a pre-planned capital expansion.