The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tushar Patel & PACs
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Promoter group of Sanrhea Technical Textiles, led by Tushar Mahendra Patel along with Persons Acting in Concert (PACs), has acquired 6,90,000 equity shares (12.13% of the company) through preferential allotment on 09.05.2025. Of these, Tushar Patel received 2,90,000 shares and Tejalben Patel received 4,00,000 shares. Post-acquisition, the promoter group's combined holding has gone up from 71.53% (35,76,250 shares) to 74.98% (42,66,250 shares). The company's total share capital has expanded from Rs. 5 crore to Rs. 5.69 crore (50 lakh to 56.9 lakh equity shares of Rs. 10 each) as a result of this preferential issue.
This signals renewed promoter confidence with fresh capital infusion into the company through preferential allotment. Non-promoter shareholders get diluted by roughly 3.45 percentage points (from 28.47% to 25.02%), so minority investors should review the issue price and terms of the preferential allotment for fairness.