The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Atul Jain
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Atul Jain, a promoter of Mudra Financial Services Limited, has acquired 1,24,100 equity shares (2.48% of total share capital) from Nilesh Shigwan on 14th August 2025 through an off-market transaction. With this purchase, Atul Jain's individual holding in the company has increased from 6,23,700 shares (12.45%) to 7,47,800 shares (14.93%). The total promoter group holding has also risen to 25,72,600 shares, representing 51.35% of the company's share capital, crossing the 50% mark from the earlier 48.87%. The disclosures were filed under SEBI (SAST) Regulations, 2011 and SEBI (PIT) Regulations, 2015.
This is a positive signal for shareholders as it reflects increased promoter confidence in the company. The promoter group crossing 50% holding strengthens their control and may reduce the possibility of hostile takeover attempts, though it also concentrates ownership further.