The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rachana Singi & Others
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Rachana Singi has sold 3,48,000 equity shares (5.01% of equity capital) of QGO Finance Ltd to Seema Pathak via an off-market transaction on February 13, 2026. Post-sale, Rachana Singi's holding drops from 57.60% (40,04,956 shares) to 52.60% (36,56,956 shares), while the company's total equity capital remains unchanged at 69,52,800 shares of Rs. 10 each. The acquirer Seema Pathak is explicitly stated as NOT belonging to the promoter or promoter group, suggesting this is an inter-se transfer between non-promoter shareholders. The disclosure was filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
The transaction involves an off-market transfer of a 5.01% block at a single go, which sits right at the SEBI creeping acquisition threshold limit. Investors should watch whether further acquisitions by Seema Pathak follow, as additional purchases could trigger open offer obligations. The seller's reduced holding to 52.60% still keeps her above the 50% mark, so promoter/control implications, if any, remain limited.