The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sagar Bansal & Others
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sagar Bansal, along with 8 other promoter group members (all Bansal family), disclosed acquisition of 8,58,882 equity shares (2.47% of pre-issue capital) through a preferential allotment dated June 18, 2025. Additionally, Sunil Kumar Bansal and Devakar Bansal each received 49,506 convertible warrants. After this acquisition, the promoter group's total holding stands at 1,24,50,422 shares, representing 40.15% of equity capital (39.74% on a diluted basis). The company's total share capital expanded from Rs. 5.58 crore (2.79 crore shares) to Rs. 6.15 crore (3.08 crore shares) as a result of the broader preferential issue.
The promoter family has increased their absolute shareholding, showing continued commitment and confidence in the company. However, their percentage stake dipped marginally from 41.58% to 40.15% due to dilution from shares issued to other allottees. No immediate takeover concerns as the group remains well below the 50% threshold.