The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Varun Somani & Others
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The promoter group of Sarvamangal Mercantile Company Ltd, comprising Varun Somani, Vandana Somani, Surendra Somani, Vrinda Somani, Parijat Shipping and Finale Limited, and Meenul Metalizing Pvt. Ltd., has reported an off-market acquisition of 17,500 equity shares (7.03% of voting capital). Varun Somani acquired 12,500 shares and Vandana Somani acquired 5,000 shares, while the other four entities made no changes. The total promoter group holding increased from 52.77% to 59.80% of the company's equity. The equity share capital remains unchanged at Rs. 24,90,000, and no encumbrance or pledge activity is involved.
This is a significant promoter group acquisition, raising their combined stake to nearly 60% and strengthening promoter control. The off-market nature suggests a private transaction rather than open-market buying, which may indicate consolidation of shareholding within the promoter family or related entities.