The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varun Somani & Others
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Varun Somani, part of the promoter group of Sarvamangal Mercantile Company Ltd, acquired 500 equity shares (0.20%) via an off-market transaction. His personal holding rose from 13.05% to 13.25%, while the aggregate promoter and PAC group holding increased marginally from 60.00% to 60.20% (1,49,400 to 1,49,900 shares). No other promoter/PAC entities changed their stakes, suggesting this is an inter-se transfer within the promoter family. The equity share capital of the company remains Rs. 24,90,000. No encumbrances, warrants, or convertible securities are involved.
Very minor accretion in promoter group stake by 0.20 percentage points via off-market route; no meaningful impact on share price or minority shareholders since control structure remains unchanged at 60.20%.