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 of Prospect Consumer Products Ltd, led by Vimal Sureshbhai Mishra along with other promoter group members, were allotted 7,00,000 convertible warrants on December 8, 2025, via a preferential allotment. Before this, the promoter group held 28,87,500 shares (47.06% of the company). After the warrant allotment, their effective holding on a fully diluted basis rises to 52.48% (35,87,500 shares + warrants). The warrants are convertible into equity shares of Rs.10 face value. The current equity share capital is Rs.6.13 crore (61,35,500 shares), which will expand to Rs.6.83 crore on full conversion of warrants.
Positive signal for retail investors — promoters putting in more money into the company shows confidence in its growth. On full conversion, the promoter group will cross the 50% majority threshold, giving them even tighter control over the company.