The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jaysukhlal Shantilal Doshi & PACs
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Jaysukhlal Shantilal Doshi, along with 7 Persons Acting in Concert (family members), has disclosed an open market acquisition of 750,000 equity shares (12.39%) of Novateor Research Laboratories Ltd on May 31, 2025. Their combined holding has risen from 510,000 shares (8.43%) to 12,60,000 shares (20.82%) of the company. The acquirer has explicitly confirmed he does not belong to the promoter or promoter group of the company. Novateor is listed on the BSE SME platform with a total equity share capital of Rs. 6.05 crore (60,52,170 shares of Rs. 10 each).
A non-promoter entity and PACs have crossed the 10% substantial shareholder threshold and now hold over one-fifth of the company, which is a significant concentration event. Shareholders should monitor for any further disclosures, as crossing the 20%+ mark could trigger open offer obligations under SEBI takeover norms.