The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Wazeera S Mithiborwla
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Mrs. Wazeera S. Mithiborwala, part of the promoter group of Oriental Rail Infrastructure Ltd, has disclosed acquisition of 10,00,000 equity shares under Regulation 29(2) of the SEBI Takeover Regulations. The shares were acquired through conversion of 10 lakh warrants into equity shares on a preferential basis, allotted on July 29, 2025. As a result, her holding increased from 69,47,000 shares (10.65%) to 79,47,000 shares (12.14%) of the company. The total share capital of the company rose from 6,60,59,000 to 6,70,59,000 equity shares of Rs. 1 face value. This is a non-cash acquisition triggered by the conversion of previously issued warrants.
This is a positive signal of promoter confidence, as the promoter group is increasing its stake by converting warrants into actual equity. Shareholders should note this is a warrant conversion (not a fresh open-market purchase), so no new money is being deployed, but the promoter's effective ownership rises by about 1.5%.