The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mehul Jadavji Shah
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Mehul Jadavji Shah, a member of the promoter/promoter group of Shah Construction Company Ltd, has acquired 30,706 equity shares representing 19.04% of the company's total share capital. The acquisition was done through an off-market inter-se transfer on 22 September 2025. Prior to this transaction, the acquirer held NIL shares, meaning this is a fresh entry of 19.04% stake by the promoter. The total equity share capital of the company remains Rs. 1,61,25,000, and the promoter group stake has now reached 19.04%, approaching the 25% open offer trigger threshold under SEBI takeover rules.
This is a significant promoter stake build-up via inter-se transfer, signalling consolidation of shareholding within the promoter group. While positive in terms of promoter commitment, the 19.04% holding is still below 50%, meaning the promoter group does not have majority control. Shareholders should watch for any further acquisitions that could approach the 25% open offer trigger threshold.