The Exchange has received the disclosure under Regulation 10(6) 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, was allotted additional equity shares under Mehai Technology's Rights Issue, exempting it from making an open offer under Regulation 10(4)(a) of SEBI Takeover Regulations. The acquirer's share count rose from 20,08,61,170 shares to 26,11,19,521 shares (an addition of ~6.03 crore shares). However, because the Rights Issue significantly expanded Mehai Technology's total share capital, the promoter's holding percentage dropped sharply from 53.13% to 34.88%. The acquirer is Dynamic Services & Security Ltd, with Jugal Kishore Bhagat as Managing Director signing the disclosure dated October 28, 2025.
The promoter has lost its majority status, falling below the 50% threshold from 53.13% to 34.88%. While the promoter added more shares in absolute terms, the Rights Issue heavily diluted its stake, which could weaken its grip on board control and key decisions going forward.