Receipt of disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011
Awaiting price reaction for this filing.
I-Power Solutions India Ltd received disclosures from three non-promoter individuals who acquired shares through preferential issue/allotment. Neena N Dharod and Murali Krishna Jonnavittula each acquired 5,00,000 equity shares (8.48% each), while Tushar P Shah acquired 4,50,000 shares (7.63%). The total shares issued were 14,50,000, raising the company's equity capital from Rs. 4.44 crore (44,49,000 shares) to Rs. 5.89 crore (58,99,000 shares). The date of allotment was 12th June 2025, and shares were credited to demat accounts on 7th August 2025.
The preferential allotment has expanded the company's share base and brought in new non-promoter shareholders with significant stakes. Shareholders should note the dilution of their existing holdings and the increased shareholding concentration among the three new allottees, though no promoter-related changes occurred.