The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Binod Kumar Goenka & Others
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Four promoters of KD Green Industries (formerly Manbro Industries) — Binod Kumar Goenka, Sunil Kumar Goenka, Mangi Lal Goenka and Dilip Kumar Goenka — acquired 1,55,00,000 equity shares (15.27% of the expanded capital) on May 30, 2026 through conversion of warrants earlier allotted on a preferential basis. Post-conversion, the combined promoter group holds 5,75,00,020 shares, translating to 56.64% of the paid-up equity capital, up from 72.40% on a combined (shares + warrants) basis before the conversion. The company's equity share capital has risen from ₹5.80 crore (5.80 crore shares) to ₹10.15 crore (10.15 crore shares of Re 1 each). The newly allotted shares will rank pari-passu with existing equity and are subject to SEBI ICDR lock-in norms. No encumbrance (pledge/lien) was created or released in this transaction.
The promoter group has strengthened its equity stake by converting warrants into shares, signalling long-term confidence in the company, while existing minority shareholders face dilution as the share count has expanded by roughly 75%. Promoter control remains firmly above 50%, and the lock-in on the new shares limits near-term supply from the promoter side, which is mildly supportive for the stock.