The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shubhalakshmi Polyesters Ltd & Others
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shree Hari Chemicals Export Ltd's promoter group acquired 6,05,494 equity shares (10.93% of share capital) through conversion of Compulsorily Convertible Debentures (CCDs) that were originally allotted on 15 November 2024. The allotment was completed on 4 December 2025. The acquirers include Shubhalakshmi Polyesters Ltd (5.16%), Gayatri Devi Agarwal (2.31%), Kanta Agarwal (1.73%), and Suman Agarwal (1.73%). Following this conversion, the total promoter group holding has risen from 54.25% to 59.24% of the company's equity capital. The company's total share capital also expanded from Rs. 4.93 crore (49.32 lakh shares) to Rs. 5.54 crore (55.38 lakh shares) as a result.
This is a positive signal for shareholders as promoters are deepening their commitment to the company rather than diluting their stake. The increase in promoter holding to nearly 60% reduces the free float available in the market, which could limit liquidity but signals confidence in the company's prospects.