The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Savir Power & Automation Pvt Ltd
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Awaiting price reaction for this filing.
Savir Power and Automation Private Limited has disclosed the acquisition of 5,00,000 equity shares (6.36%) of Hari Govind International Ltd through a preferential allotment on 19 August 2025. Before this acquisition, the entity held zero shares in the company, and post-acquisition its holding stands at 6.36% of the equity share capital. The filing clarifies that the acquirer does not belong to the promoter or promoter group of the target company. The total equity capital of Hari Govind International Ltd expanded from Rs. 5.00 crore (50 lakh shares) to Rs. 7.86 crore (78.58 lakh shares) of Rs. 10 each following this preferential issue. The disclosure was made on 22 August 2025 in compliance with SEBI's takeover regulations.
A new non-promoter entity has built a 6.36% stake through a preferential issue, leading to dilution for existing shareholders. The stock may see some volatility as a new strategic shareholder enters the cap table, though the preferential nature of the allotment means no open-market price impact.