The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Paulomi Ketankumar Doshi
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Paulomi Ketankumar Doshi, along with person acting in concert (PAC) Saumik Ketankumar Doshi, has filed a disclosure under SEBI Takeover Regulations for acquiring 5,00,000 equity shares of Organic Recycling Systems Limited (listed on BSE SME platform, Scrip Code: 543997). The acquisition was made on 29-03-2025 through conversion of warrants into equity shares, and the acquirers do not belong to the promoter/promoter group. Post-acquisition, their aggregate voting rights holding stands at 5,07,200 shares, representing 5.86% of the equity share capital and 4.87% of the diluted share capital of the company. The equity share capital of the company increased from Rs. 7,69,92,750 to Rs. 8,65,92,750 as a result of this warrant conversion.
Since the acquisition is a pre-arranged warrant conversion (not a fresh market purchase), there is no change in the underlying economic interest or cash flow implications. However, a non-promoter entity has now crossed the 5% voting rights threshold, which means further acquisitions by them will attract additional SEBI disclosure and creeping acquisition norms under takeover regulations. Shareholders should monitor if this acquirer continues to build stake toward the 10% trigger threshold.