The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shubhalakshmi Polyesters Ltd
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Shubhalakshmi Polyesters Ltd, part of the promoter group of Shree Hari Chemicals Export Ltd, received 7,74,946 equity shares (12.28%) on 03.04.2026 through conversion of Compulsorily Convertible Debentures (CCDs) that were originally allotted on 15.11.2024. This raised the acquirer's individual holding from 13.93% (7,71,634 shares) to 24.50% (15,46,580 shares). Total promoter group holding rose from 59.25% to 64.26% (40,56,342 shares). The company's share capital expanded from Rs. 5.54 crore (55,37,934 shares) to Rs. 6.31 crore (63,12,880 shares) due to this allotment.
No open offer triggered since the acquisition is through preferential allotment/CCD conversion and within the promoter group. Promoter control is being further consolidated, and the acquirer's individual stake now sits just 0.50% short of the 25% threshold — any further open market purchases could attract creeping acquisition scrutiny.