The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Purshottam R Bohra
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Mr. Purshottam R Bohra, along with persons acting in concert (Purushotam R Bohra HUF, Ms. Premlata P Bohra, and Mr. Jagdish Bohra), has disclosed an acquisition of 4,50,000 equity shares (9.11%) in New Markets Avenue Ltd through an intimation of allotment on 27th November 2025. Prior to this acquisition, the group's combined holding was just 48,350 shares (0.98%). Post-acquisition, their total holding stands at 4,98,350 shares, representing 10.09% of the company's paid-up equity capital (49,40,000 shares of Rs. 10 each). This filing under Regulation 29(1) of SEBI Takeover Regulations, 2011 was triggered because the acquirer's holding crossed the 10% disclosure threshold. Importantly, Mr. Purshottam R Bohra has confirmed that he does not belong to the promoter/promoter group of the company, indicating this is an external, non-promoter acquisition.
A non-promoter entity crossing the 10% threshold signals a potential block-holder or strategic investor entering the company, which could affect governance dynamics and future takeover considerations. Retail investors should monitor for further disclosures, as any acquisition above 10% by a non-promoter may attract open offer obligations if it crosses the 25% trigger under SAST regulations.