The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anees Alnasir Gilani & PACs
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Anees Alnasir Gilani along with three PACs (Zeenat Alnasir Gilani, Anisa Alnasir Gilani, Alnasir Abdul Aziz Gilani) acquired 8,00,000 equity shares (5.12% of total share capital) of Orient Tradelink Ltd through a preferential allotment on 17th May 2025. Before this acquisition, the group held 17,46,930 shares (11.18%); after the acquisition, their combined holding rose to 25,46,930 shares (16.31% of total share capital and 4.09% of diluted capital). Importantly, the acquirers are explicitly stated to NOT belong to the Promoter/Promoter Group of the company. The total equity share capital of Orient Tradelink stands at 1,56,15,000 shares of Rs.10 each, amounting to Rs.15.61 crore. No encumbrance (pledge/lien) details are involved in this transaction.
This is a creeping acquisition by a non-promoter entity approaching the 25% open offer trigger threshold under SEBI takeover norms. Existing shareholders should note that the acquirer group is steadily building a significant stake through preferential routes, which may influence future control dynamics if they cross 25% and trigger a mandatory open offer.