The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Securocrop Securities India Pvt Ltd & PACs
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Securocrop Securities India Pvt Ltd, along with PACs Sangeeta Pareekh and BGP11 Analytics Pvt Ltd, has acquired 2,14,00,000 equity shares (21.08%) of KD Green Industries Ltd (formerly Manbro Industries Ltd) through conversion of warrants via preferential allotment on May 30, 2026. This is not a promoter entity — it is an external acquirer. As a result, the combined holding of the acquirer and PACs jumped from 5.75% to 24.37% of the company's share capital, crossing multiple SAST disclosure thresholds (5%, 10%, 15%, and 20%). The company's total equity capital expanded from Rs. 5.80 crore to Rs. 10.15 crore (from 5.80 crore shares to 10.15 crore shares of Re. 1 each) due to the warrant conversion. The newly allotted shares will rank pari-passu with existing equity, subject to SEBI ICDR lock-in rules.
A non-promoter entity has built a sizeable 24.37% stake through warrant conversion, which may signal strategic interest from this acquirer group. Shareholders should note the dilution of equity (nearly doubled share count) and the significant concentration of holdings in a single non-promoter group, which could influence future control dynamics.