The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Navdeep Subhashbhai Mehta & PACs
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Promoter Navdeep Subhashbhai Mehta, along with Persons Acting in Concert (PACs) including family members and HUF, acquired 1,80,000 equity shares (2.97%) of Novateor Research Laboratories Ltd through open market purchases on 31st May 2025. Prior to this acquisition, the promoter group's holding stood at 29,42,730 shares (48.62%), and post-acquisition it rose to 31,22,130 shares (51.60%), thereby crossing the 50% majority threshold. The company's total equity share capital remained unchanged at Rs. 6.05 crore (60,52,170 shares of Rs. 10 each). The shares are listed on the BSE SME platform (Code: 542771).
The promoter group has strengthened its majority control by crossing the 50% shareholding mark, signaling strong insider confidence. This reduces free float availability and may limit takeover vulnerability, though it also concentrates ownership risk for minority shareholders.