The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Radhika Securities Pvt Ltd
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Radhika Securities Pvt Ltd (RSPL), a promoter group entity of Rasandik Engineering, acquired 616,732 shares (10.32%) of the company through a Scheme of Amalgamation, effective April 17, 2025. This acquisition resulted from the merger of Ganesha Securities Pvt Ltd (GSPL) into RSPL, approved by the Regional Director (NR) via order dated February 14, 2025. As a result, RSPL's holding rose from 848,583 shares (14.20%) to 1,465,315 shares (24.52%) of the company's equity capital of 59.75 lakh shares. Importantly, the aggregate promoter and promoter group shareholding remains unchanged before and after the transaction. The same individuals/beneficial owners control both entities in the same proportion, so the deal qualifies for exemption under Regulation 10(1)(d)(iii) of SEBI SAST Regulations.
This is an internal restructuring within the promoter group and does not change the total promoter shareholding. Retail investors should see no change in promoter control or economic ownership — the name of the holding entity simply changes from GSPL to RSPL. No open market impact is expected from this purely paper-based reorganization.