The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vimal Sureshbhai Mishra & Others
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Promoters and promoter group members of Prospect Consumer Products Ltd acquired 1,17,840 equity shares through the conversion of warrants into equity shares on July 16, 2025. The mode of acquisition was preferential allotment pursuant to warrant conversion, not an open market purchase. With this, the promoter group's voting stake in the company increased from 50.92% to 51.09%, and on a diluted basis stayed around 47.06%. The company's total equity share capital expanded from Rs. 5.32 crore to Rs. 5.54 crore after this conversion, with 59,160 promoter warrants still pending conversion.
This is a pre-agreed warrant conversion by the promoters, so it strengthens their control without involving fresh cash outflow from the company. Shareholders should note that promoter holding has crossed above the 51% mark, giving promoters firmer control over company decisions. No immediate impact on stock price is expected since this was a planned preferential conversion rather than a market purchase.