The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Kawa
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Hitesh Natwarlal Kawa, along with PAC Roopal Hitesh Kawa, has disclosed acquisition of 8,10,000 equity shares representing 3.68% stake in Mizzen Ventures Ltd. The acquisition was via preferential allotment where warrants were converted into equity shares on March 30, 2026. Importantly, the acquirer is NOT a promoter or part of the promoter group. Before the transaction, Hitesh held 8,10,000 warrants (3.68%); post-conversion, these warrants became equity shares. The combined holding of acquirer and PAC remains at 12,60,000 shares (5.73%) both before and after the acquisition.
No change in effective ownership - the total stake held by the acquirer and PAC remains at 5.73%. The transaction merely converted warrants into equity shares, a mechanical change. This is a routine regulatory filing for a warrant holder exercising conversion rights.