The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shiva Spinfab Pvt Ltd & PACs
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On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 1.5 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shiva Spinfab Private Limited, part of the promoter group, converted 27.80 lakh warrants into equity shares of Rudra Ecovation Ltd on a preferential basis (5.60 lakh on Jan 8 and 22.20 lakh on Jan 9, 2026) at Rs. 48 per share (Re. 1 face value + Rs. 47 premium). This increased the promoter group's voting stake from 13.81% to 15.70% of total share capital (15.22% on a diluted basis). Total shares acquired represent 2.35% of the company's equity capital. Remaining promoter group warrants stand at 17.20 lakh shares.
Promoter group confidence increases as they convert warrants into actual equity, raising their stake across a key SEBI disclosure threshold (15%). The acquisition is at a fixed preferential price, not open market, so it does not directly move the stock price but signals promoter belief in the company's value at Rs. 48/share.