In Accordance with Regulation 30 read with Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (hereinafter ....
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PH Capital Ltd announced a major change in control after Mr. Aditya Himmat Bhansali successfully completed his Open Offer to acquire 7,80,086 equity shares. As a result, 24 outgoing promoter group entities, including the Dalal family, are being reclassified, and Mr. Bhansali is being made the new Promoter. The company appointed a completely new leadership team: Mr. Rahul Sharma as CEO, Mr. Bhansali himself as CFO, Ms. Disha Singhvi as Executive Director, and Mr. Nagendraa Parakh (former SEBI Executive Director) as Independent Director. On the other side, outgoing Whole-time Director Mr. Rikeen Dalal, Non-Executive Director Ms. Sejal Dalal, and CFO Mr. Vijay Solanki have resigned due to the change in control. The company also appointed a new Compliance Officer for its broking division, indicating it is strengthening its stock broking operations.
This is a complete takeover of PH Capital with a brand new management team taking charge, which could signal a strategic pivot, especially towards the broking business. Shareholders should expect significant changes in business direction and governance under the new promoter, Mr. Aditya Bhansali. The stock may see heightened activity as new management outlines its plans.