The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vasu Mohlay
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Vasu Mohlay, a non-promoter acquirer, has disclosed the acquisition of 20,00,000 warrants (convertible into equity shares on a 1:1 basis at Rs. 15 per warrant) of Mega Nirman & Industries Ltd through a preferential allotment on 06/08/2025. After this acquisition, his holding stands at 7.80% of the total paid-up equity share capital, representing his entire stake in the company (he held nothing before this). As a result of the preferential allotment, the company's paid-up equity capital has expanded from Rs. 18.59 crore (1,85,91,943 shares) to Rs. 25.65 crore (2,56,47,500 shares) of Rs. 10 face value each. Mr. Mohlay has explicitly confirmed he does not belong to the promoter or promoter group of the company.
This is a new non-promoter entry taking a 7.80% stake via warrants, which is close to the 10% SAST disclosure threshold and could trigger further accumulation disclosures going forward. The preferential allotment also results in equity dilution of roughly 38% for existing shareholders, though the warrant conversion price of Rs. 15 is only modestly above the Rs. 10 face value.