The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Prashant Vora
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Simandhar Impex Ltd has received a disclosure from Prashant Vora, a promoter, regarding the acquisition of 22,81,615 equity shares representing 74.64% of the company's total share capital. This acquisition was not through the open market but through the allotment of shares pursuant to a Scheme of Arrangement (Demerger) between Parshva Enterprises Limited (Demerged Company) and Simandhar Impex Limited (Resulting Company), approved by NCLT Mumbai Bench on 13th October 2025. Shares were allotted on 8th November 2025 and listed on BSE on 22nd December 2025. Before the demerger, the pre-scheme capital of 10,000 shares held by Parshva Enterprises was cancelled, and new equity shares totalling 30,56,925 (face value Rs. 10 each) were issued. The promoter and promoter group together now hold 74.64% of the resulting company, with Prashant Vora individually holding 40.39%, making this a new listing with a concentrated promoter holding.
Shareholders should note that the promoter group holds a dominant 74.64% stake in Simandhar Impex, leaving only about 25% as public float, which could result in lower liquidity. However, the acquisition is a structural event (demerger) rather than a market purchase, so it is not a typical open-market promoter buying signal. Investors should monitor how this new listing performs and track any further disclosures from the promoter group.