The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dynamic Services & Security Ltd
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Dynamic Services & Security Ltd, the promoter of Mehai Technology Ltd, has acquired an additional 3.20 crore equity shares (9.24% stake) through a preferential allotment dated April 23, 2025. Before this acquisition, the promoter held 15.58 crore shares (49.66%), and after the acquisition, their holding has risen to 18.78 crore shares (54.23%). This acquisition has pushed the promoter's stake above the 50% majority threshold. The total share capital of Mehai Technology expanded from Rs. 11.38 crore to Rs. 34.63 crore as a result of this preferential allotment.
The promoter has crossed into majority control (above 50%), which strengthens their decision-making power but reduces minority shareholders' say. This is a significant ownership change and may affect the stock's perception of corporate control and governance.