The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prashant Vora
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Prashant Vora, along with the Promoter and Promoter Group of Simandhar Impex Ltd, sold 22,81,615 equity shares representing 74.64% of total share capital to Farmico International Private Limited. The transaction was conducted off-market pursuant to a Share Purchase Agreement dated January 14, 2026, and was completed on May 21, 2026. Post-transaction, the entire promoter group holding reduced to 0%, indicating a complete exit by existing promoters. The company's total share capital remains unchanged at 30,56,925 equity shares of Rs 10 each. This represents a complete change of control as the acquirer now holds 74.64% stake.
This is a major change in control transaction where existing promoters have completely exited the company by selling their entire 74.64% stake. Shareholders should note that Farmico International Private Limited is now the new controlling shareholder, which could lead to changes in management, business strategy, or future corporate actions. The stock may see increased volatility due to this shift in control.