The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pooja Mohlay
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Pooja Mohlay, a non-promoter individual, disclosed acquisition of 17,00,000 equity shares in Mega Nirman & Industries through conversion of warrants that were allotted to her via preferential issue on 25 July 2025. Before conversion, she held 17,00,000 warrants (9.14% of diluted share capital); after conversion, she holds 17,00,000 equity shares representing 21.33% of the company's paid-up equity capital. The warrant-to-equity conversion was at Rs. 15 per warrant, with each warrant convertible into 1 equity share of Rs. 10 face value. Notably, the company's paid-up equity capital reduced from Rs. 10.62 crore (1.06 crore shares) to Rs. 7.97 crore (79.67 lakh shares) post-acquisition, suggesting a capital restructuring. The disclosure is filed because the acquirer's voting capital stake crossed the 10% substantial acquisition threshold under SEBI Takeover Regulations.
A non-promoter individual now holds a sizeable 21.33% stake, which could trigger open offer obligations and may influence control dynamics at the company; existing shareholders should monitor for further disclosures or any change in management stance.