The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Puneet Kumar Mohlay
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Puneet Kumar Mohlay, a non-promoter individual, disclosed acquisition of 17,00,000 equity shares of Mega Nirman and Industries Ltd through conversion of warrants allotted on a preferential basis. The warrants were originally allotted to him on 25 July 2025 at Rs. 15 per warrant, each convertible into one equity share of Rs. 10 face value. Post-acquisition, his voting shareholding rose from nil to 21.33% (17,00,000 shares), while his fully diluted holding remains 9.14%. The company's total equity share capital post-allotment stands at 79,66,667 shares with a fully diluted capital of 1,85,91,943 shares.
This is a substantial acquisition by a non-promoter entity, pushing the acquirer's voting stake to 21.33%, just below the 25% takeover threshold. Shareholders should note the increased concentration and the possibility of further accretion toward the trigger limit. The preferential warrant conversion also signals fresh equity infusion at a low price (Rs. 15), potentially leading to dilution for existing shareholders.