The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Minal Patil
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Promoter Minal Gaurav Patil acquired 9,00,000 equity shares (3.12% of voting capital) from the open market via an off-market purchase agreement dated 07.03.2025, executed on 30.03.2026. The acquisition increased Patil's holding from 55.44% to 58.55% of total voting capital. Additionally, 40,80,000 shares (12.23%) remain encumbered. Post-acquisition, the total share capital stands at 2,88,81,806 equity shares with a diluted capital of 3,33,61,806 shares. The transaction involved a Person Acting in Concert (PAC), Maddukuri Mounica, also a promoter.
The promoter group has strengthened its control by acquiring additional shares, bringing combined holding to 58.55%. This reduces public float and may signal confidence in the company, though the 12.23% encumbered shares could raise concerns about pledging if market conditions deteriorate.