The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Boby Jacob
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Awaiting price reaction for this filing.
The promoters and promoter group of Scoobee Day Garments (Boby Meckamkunnel Jacob, Minni Boby Jacob, Anna Aluminium Company Pvt Ltd, and Kitex Limited) subscribed to their full entitlement in the company's Rights Issue on October 16, 2025. They acquired an additional 33,74,484 equity shares, increasing their combined holding from 74.99% (1,01,23,454 shares) to 79.77% (1,34,97,938 shares) of the post-issue capital. The company's total equity share capital expanded from 1,35,00,000 shares to 1,69,20,028 shares (face value Rs 10 each) due to the rights issue. With public shareholding falling below the mandatory 25% threshold, the company must restore minimum public shareholding within 12 months under Rule 19A(2) of SCRR.
Strong promoter confidence in the company as they fully subscribed to their rights entitlement, but public shareholding has dropped below the 25% regulatory minimum, meaning the company will need to take steps (such as a further issue or promoter stake sale) within a year to restore compliance. This could limit float and liquidity in the stock for retail investors in the near term.