The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sonali Gupta
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Ms. Sonali Gupta, belonging to the promoter group of Mega Nirman and Industries Ltd, has filed a disclosure under SEBI's Substantial Acquisition of Shares & Takeovers Regulations regarding the acquisition of 8,88,888 equity shares allotted through warrants on a preferential basis on 07/07/2025. The warrants are convertible into equity shares at Rs. 15/- per warrant on a 1:1 basis. Post-allotment, her total holding stands at 20,00,000 shares/warrants, representing 8.37% of the total voting capital (7.59% on a diluted basis). Earlier, her holding consisted only of warrants (no voting rights), so this allotment elevates her effective voting stake from 0% to 8.37%, bringing her closer to the 10% SAST disclosure threshold. The company's voting capital post-allotment is Rs. 10.62 crore, with diluted capital at Rs. 26.35 crore.
This signals promoter-group confidence and a fresh capital infusion into the company at a favourable price (Rs. 15 vs. Rs. 10 face value). For shareholders, it means promoter voting influence is rising meaningfully, which could be positive for governance continuity but also reduces free-float influence. Watch for further promoter-related disclosures as the holding approaches 10%.