The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Puthan N C Menon & Other
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Sobha Ltd's promoter group (Puthan N C Menon, Sobha Menon, Ravi PNC Menon, P N Haridas, and Sudha Menon) has filed a revised disclosure with the exchange. This relates to the rights issue of 2024, where shares were initially allotted on a partly paid basis on July 16, 2024. The promoters have now paid the final call money of Rs. 825.50 per share, converting 6,859,010 partly paid shares (6.41% of capital) into fully paid shares, credited to demat accounts on February 3, 2025. The revision clarifies that the date of acquisition is July 16, 2024 (the original allotment date), not February 2025, since no new shares were issued with the final call. The total promoter group holding remains unchanged at 56,444,703 shares, representing 52.77% of the company's share capital.
This is a technical/compliance revision rather than a fresh acquisition — promoter beneficial ownership remains steady at 52.77% and no shares were sold or newly purchased in the market. Shareholders should note the promoter group has already solidified its position through full subscription of the rights entitlement, signaling continued confidence in the company.