The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for MVA Finance Pvt Ltd & Others
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MVA Finance Private Limited, a promoter group entity of Pasupati Acrylon, has transferred 1,44,450 equity shares (0.16% of paid-up capital) to Arihant Exports Private Limited, another promoter group entity, via an off-market transaction on 26 December 2025. The transfer is part of a Scheme of Amalgamation approved by the NCLT, New Delhi Bench on 23 September 2025, under which MVA Finance merges into Arihant Exports. Consequently, MVA Finance has ceased to be part of the promoter group. The aggregate promoter and promoter group shareholding remains unchanged at 5,87,15,445 shares (65.87%). Total equity capital of the company stands at 8,91,33,121 shares of Rs. 10 each.
This is a purely internal promoter group restructuring with no change in total promoter shareholding (still 65.87%) or voting power, so there is no material impact on minority shareholders or stock price. The transfer merely reshuffles shares within the promoter family due to a merger.