The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rohan Gupta
SGMART · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rohan Gupta, a non-promoter acquirer, has acquired 76,40,000 equity shares (face value ₹1 each) of SG Mart Limited through the conversion of 3,82,000 fully convertible warrants allotted on a preferential basis on May 26, 2025. Prior to this acquisition, Mr. Gupta held no shares in the company, and his post-acquisition holding stands at 6.06% of the total share capital. The company's total equity share capital expanded from ₹11.24 crore (11,23,82,000 shares) to ₹12.60 crore (12,60,00,000 shares) following this allotment. This disclosure under Regulation 29(1) of the SEBI Takeover Regulations was filed because Mr. Gupta crossed the 5% ownership threshold.
This is a non-promoter creeping acquisition that crosses the 5% disclosure threshold, signaling a new substantial shareholder entering SG Mart. The dilution from the preferential warrant conversion expands the share base by about 12%, which existing shareholders should factor in for any per-share value analysis.