Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011
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Mrs. Geeta Devi has acquired 5,00,000 equity shares (4.61%) of Nimbus Projects Limited through an inter-se transfer from her daughter, Mrs. Kusum Goel. Following this transfer, Mrs. Geeta Devi along with her Persons Acting in Concert (PAC) — daughter-in-law Mrs. Meenal Aggarwal and daughter Mrs. Kusum Goel — together hold 10,50,000 shares, representing 9.69% of the company's total equity (total equity share capital is 1,08,38,000 shares of Rs. 10 each, i.e. Rs. 10.84 crore). The acquirer does not belong to the Promoter/Promoter Group. The acquisition date is 28th March 2025, and since the transfer is inter-se among family members, the aggregate PAC holding has remained constant at 9.69%.
This is essentially a reshuffling of shares within a family group (from daughter to mother) and does not change the total ownership of the PAC group, so there is no direct dilution or change in control. However, the PAC group's combined holding at 9.69% is now just below the 10% disclosure trigger threshold under SAST, meaning any further acquisition by them will attract additional regulatory requirements.