The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sangeeta Pareekh & PACs
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Sangeeta Pareekh along with Persons Acting in Concert (BLP Equity Research, BGP 11 Analytics, Securocrop Securities India, and Dinesh Pareekh) acquired 22,46,000 equity shares (17.08%) of Rotographics (India) through a preferential allotment on April 7, 2025. This lifted their combined holding from 6.09% (8,00,500 shares) to 23.17% (30,46,500 shares) of the expanded share capital. The disclosure explicitly states the acquirer does NOT belong to the promoter/promoter group, making this a non-promoter strategic acquisition. Notably, the company's total share capital expanded from ~36 lakh shares to ~1.31 crore shares, indicating fresh issuance to multiple parties. Securocrop Securities India alone now holds 12.52% post-allotment, making it the largest entity in the acquirer group.
A non-promoter group has quietly built a 23.17% stake — just below the 25% open offer trigger threshold — in a small-cap company, which could lead to further consolidation moves or regulatory attention. Shareholders should watch for any subsequent acquisitions that could trigger a mandatory open offer.