The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lalit Dua
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Non-promoter investor Lalit Dua has disclosed acquisition of 56,400 equity shares of Paradeep Parivahan Ltd through allotment in the company's IPO, dated 24 March 2025. Prior to this allotment, he held 8,40,000 shares (5.28% stake), and after the allotment his holding stands at 8,96,400 shares (5.63%). The acquisition was made along with PAC Rajasthan Global Securities Pvt. Ltd. The company's total equity capital expanded from Rs. 1.13 crore (1,13,40,000 shares) to Rs. 1.59 crore (1,59,18,000 shares of Rs. 10 each) post the IPO. The shares are listed on the BSE-SME platform.
This is a routine regulatory disclosure triggered by IPO share allotment. Since the acquirer is not part of the promoter group and the stake increase is small (just 0.35%), there is no material governance or price impact. Retail investors should note the IPO has expanded the share base significantly (~40% dilution) and Lalit Dua now holds marginally above the 5% disclosure threshold.