The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nehal Narendra Gandhi & PACs
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Promoter Nehal Narendra Gandhi and his Persons Acting in Concert (PACs) — Kunal Narendra Gandhi, ENAI Trading and Investment Pvt Ltd, and Alisha Kunal Gandhi — have acquired equity shares by converting warrants that were earlier issued on a preferential basis. Nehal Gandhi individually received 30,500 shares (0.59%), while PAC ENAI Trading got 39,384 shares (0.70%) and Kunal Gandhi got 36,280 shares (0.76%), under separate disclosures. The company's total equity share capital expanded from Rs. 5.15 crore (51.50 lakh shares) to Rs. 5.59 crore (55.91 lakh shares) as a result of these conversions. The combined promoter and PAC group's holding now stands at 44.78% of the expanded share capital.
This is a routine regulatory disclosure arising from a previously approved preferential warrant issue, not a fresh market purchase, so it is unlikely to move the stock on its own. However, investors should note that the promoter group's stake has slipped below the 50% mark at 44.78%, reflecting dilution from the preferential allotment rather than any promoter selling.