The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mangal Bhanshali
PRAXIS · price
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Mangal Bhanshali, along with persons acting in concert, has filed a disclosure under SEBI's Takeover Regulations regarding a change in shareholding percentage in Praxis Home Retail Ltd. The investor's holding remains unchanged at 1,75,47,494 shares, but the percentage has dropped from 12.98% to 9.49%. This dilution occurred purely because the company allotted 4,98,00,000 Rights Equity Shares on 26th August 2025, increasing the total share capital to 18,49,15,902 shares. No shares were actually bought or sold in the market — the change is solely due to a corporate action. The filing clarifies that Mangal Bhanshali does not belong to the Promoter/Promoter Group of the company.
This is a passive dilution event — no real buying or selling took place. Existing shareholders who did not participate fully in the Rights Issue will see their holding percentage reduced. For shareholders, this means the company's capital base has expanded, which could strengthen the balance sheet if the rights issue proceeds are used for growth or debt reduction.