The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Gaurav Jain & Others
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Gaurav Jain, along with PACs Ashi Jain and Monikaben Mahendrabhai Sarvaiya, have disclosed an acquisition of 13,31,667 equity shares (1.01% of voting capital) in Vintron Informatics Limited through preferential allotment upon conversion of convertible warrants into equity shares, effective 22-May-2025. The acquirers are NOT part of the promoter/promoter group. Post-acquisition, their aggregate holding rose to 67,15,000 shares (5.09% of voting capital), crossing the 5% disclosure threshold under SAST Regulations. On a fully diluted basis (assuming conversion of all outstanding warrants), their total holding stands at 93,00,000 shares representing 5.84% of the diluted share capital. The company's equity capital expanded from Rs.12.25 crore to Rs.13.18 crore following this allotment.
This is a non-promoter creeping acquisition that has triggered the mandatory 5% disclosure threshold, meaning the acquirers are now required to make further disclosures for any incremental changes above 5%. For existing shareholders, this indicates new non-promoter shareholders building a stake via warrant conversion, which is mildly dilutive but not a takeover threat at current levels.