Announced Thu, 2 Apr · 10:39 IST

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Srinidhi Fine Chemicals LLP

Promoter Stake BuyOwnership Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
-4.9%1-day move
₹53.50
prior close
₹53.30
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0-2.2-3.9-4.9-6.0-0.9+12.8+3.8+8.4+8.6+2.6-2.8+46.9
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AI summary

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.

Likely market impact

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.