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
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
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.