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, acquired 6,02,58,351 equity shares through a Rights Issue on October 20, 2025. As a result, the promoter's absolute shareholding increased from 2,08,61,170 to 2,61,19,521 shares. However, because Mehai Technology's total share capital nearly doubled (from ~37.8 crore to ~74.86 crore shares), the promoter's voting stake diluted from 53.13% to 34.88%. This is a passive dilution from the rights issue, not a sell-down. The promoter subscribed to its entitled portion of the rights issue, retaining promoter status but losing majority control.
Shareholders should note that while the promoter continues to be the largest shareholder, it has fallen below the 50% majority mark, which could affect board control and future decision-making. The promoter has shown commitment by participating in the rights issue, but minority shareholders now hold greater proportional influence.