The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Veeram Vendors Pvt Ltd
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Veeram Vendors Private Limited, a non-promoter entity, has acquired 16,00,000 equity shares of S. M. Gold Ltd through a preferential allotment done on 19 May 2025. This represents 12.09% of the company's voting capital, taking the acquirer's holding from nil to 12.09% in one transaction. As a result of this allotment, S. M. Gold's total equity share capital has expanded from Rs. 1,00,37,512 (1,00,37,512 shares of Rs. 10 each) to Rs. 1,32,37,512 (1,32,37,512 shares of Rs. 10 each), a roughly 32% expansion in share base. The acquirer confirmed it is not part of the promoter/promoter group. The disclosure has been filed under Regulation 29(2) of the SEBI Takeover Regulations, 2011.
A new non-promoter shareholder now holds over 12% of S. M. Gold, which dilutes existing shareholders' proportional ownership by about 9.1% in one go. Retail investors should track who Veeram Vendors is and why capital is being raised, as preferential allotments are often priced below market and can signal fund-raising for specific purposes.