The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Harender Singh Bhatia HUF & Others
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On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 4.7 pts less than its Meat Products including Poultry peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Harender Singh Bhatia, on behalf of the Promoter and Promoter Group of Simran Farms Ltd, disclosed the conversion of 6,18,300 warrants into fully paid-up equity shares at Rs. 155 per warrant. The group paid Rs. 7,18,77,375 (75% balance amount) for this conversion. Post-conversion, the total equity share capital increased from Rs. 3,79,17,000 to Rs. 4,81,00,000. The Promoter and Promoter Group's collective holding increased from 14,74,943 shares (37.32%) to 20,33,243 shares (42.27%), representing a 4.95 percentage point increase. Individual allottees included Harender Singh Bhatia HUF, Amarjeet Kaur Bhatia, Kawaljeet Singh Bhatia, Harpal Singh Bhatia, Avneet Singh Bhatia, Sumeet Singh Bhatia, Dilraj Singh Bhatia, and Amarjeet Singh Bhatia. Post this conversion, no warrants remain outstanding.
The promoter group's stake crossed the 42% mark, strengthening their majority control. This one-time warrant conversion significantly increased promoter holding without being a creeping acquisition pattern.