The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vandana Somani & Others
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Promoter group members Vandana Somani and Varun Somani acquired 22,500 shares (9.04% of share capital) of Sarvamangal Mercantile Company Ltd through an off-market transaction on September 5, 2025. Vandana Somani acquired 9,500 shares (3.82%) taking her holding to 23.09%, while Varun Somani acquired 13,000 shares (5.22%) taking his holding to 12.85%. The total promoter group holding increased from 50.76% (1,26,400 shares) to 59.80% (1,48,900 shares) after the acquisition. The disclosure was filed because the acquisition exceeded the 5% threshold requiring reporting under SEBI Takeover Regulations. Total share capital of the company remained unchanged at Rs. 24,90,000 (no fresh issuance involved).
The promoter group has further consolidated its controlling stake in the company from just above 50% to nearly 60%, signaling stronger insider confidence and reduced free-float available to public shareholders. Off-market execution means this was a privately negotiated transaction rather than market activity, with limited direct effect on stock price.