The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sunil Kumar Bansal & Others
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Awaiting price reaction for this filing.
POCL Enterprises' promoter Sunil Kumar Bansal, along with eight promoter group members acting in concert, acquired 8,58,882 equity shares (2.47% of pre-issue capital) through a preferential allotment on June 18, 2025. Additionally, Sunil Kumar Bansal and Devakar Bansal each received 49,506 convertible warrants (0.16% each). Post-acquisition, the promoter group's total holding stands at 1,24,50,422 shares, or 40.15% of the expanded share capital (39.74% on a diluted basis). The company's total equity share capital increased from Rs. 5.58 crore (2.79 crore shares) to Rs. 6.15 crore (3.08 crore shares), with diluted capital at Rs. 6.27 crore after factoring in the warrants. This disclosure is filed under SEBI Takeover Regulations to keep the exchange informed of the promoter group's increased stake.
This is a positive signal showing promoter confidence in the company, as the promoter group is putting more money into POCL via a preferential issue. However, the effective promoter holding percentage slightly dipped from 41.58% to 40.15% due to dilution from the preferential allotment to other subscribers, and the group remains below the 50% majority mark.