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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Prospect Consumer Products Ltd's promoter group — Vimal Sureshbhai Mishra, Priyanka Vimal Mishra, along with promoter group members Prakash Mishra, Kalpana Pawan Mishra, and Kishoriben Mishra — filed a disclosure under SEBI Takeover Regulations regarding the conversion of warrants into equity shares. On October 10, 2025, the company's Board converted 5,99,160 warrants into equity shares, of which 59,160 warrants belonged to the promoters. After the conversion, the promoter group's total holding stands at 28,87,500 shares, representing 51.09% of total share capital and 47.06% of the diluted share capital. This is purely an allotment event — no shares were bought or sold in the market, and no change in ultimate promoter beneficial ownership occurred.
This is a routine regulatory disclosure triggered by warrant conversion, not a fresh purchase or sale. Existing shareholders are not financially affected, but note that the company has expanded its equity base, which slightly dilutes non-promoter shareholders proportionally. Promoters remain below the 50% diluted shareholding threshold.