The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for New Track Garments Pvt Ltd
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New Track Garments Private Limited (a member of the Promoter Group) acquired 283,866,880 equity shares through conversion of Fully Convertible Warrants. The acquisition was via preferential allotment dated 30/03/2026. Before the transaction, New Track held 216.1 million shares (2.70%); after conversion, its holding increased to 500 million shares (5.83%). Krishna Devi (also PAC) held 484.6 million shares (5.66%) before and after the transaction. Total promoter group holding increased from 8.75% to 11.49% of share capital. The company's equity share capital increased from ~8.02 billion to ~8.57 billion shares due to this preferential allotment.
Promoter group stake increased by ~2.74 percentage points but remains below 50% threshold. The warrant conversion adds dilution with 300 million warrants still outstanding, bringing total diluted holding to 12.51%.