The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hridai Somani & Others
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Sarvamangal Mercantile Company has submitted revised disclosures to BSE for 11 inter-se share transfers within the Somani promoter group that took place between September 3, 2025 and November 25, 2025. The original filings were returned by BSE for missing the date of acquisition and equity share capital details, which have now been incorporated. Across these transactions, Varun Somani and his PAC (Vandana Somani, Surendra Somani, Vrinda Somani, Parijat Shipping and Finale Ltd, Meenul Metalizing Pvt. Ltd.) consolidated their holding from about 50.76% to 60.20% of the company. The Susheel Somani branch sold its full 7.03% stake, and Mridula Somani's PAC (1.81%) also exited, with all these shares being absorbed by Varun Somani's PAC. The total share capital is small at 2,49,000 equity shares of Rs. 10 each. The combined promoter group holding remains broadly unchanged as these are purely inter-se (within-family) off-market transfers.
There is no material impact on public shareholders or the stock price since these are internal family reshuffles with no change in the aggregate promoter group stake. The concentration of voting power within the Varun Somani branch means future corporate decisions will be more aligned with that faction, but minority shareholders are not directly affected.