The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Srinidhi Fine Chemicals LLP
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Srinidhi Fine Chemicals LLP (Promoter) and Narahari Belide (Promoter Group) received equity share allotments of 1,100,000 and 50,000 shares respectively via preferential allotment on 30 March 2026. This was through conversion of warrants into equity shares. After the acquisition, Srinidhi Fine Chemicals LLP's holding increased from 30.11% to 33.68%, while Narahari Belide's holding increased from 3.01% to 3.08%. Total promoter group holding rose from 33.22% to 36.77% of the equity capital. The company's total diluted capital after the transaction is 21,085,000 equity shares plus 6,185,000 outstanding convertible warrants.
Promoter holding increased by 3.65 percentage points to 36.77%, indicating continued consolidation of control by the promoter group. This is a routine warrant conversion and does not breach any takeover thresholds.