The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aaliya Zubair Botawala
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Aaliya Zubair Botawala (a non-promoter individual, along with two PACs - Kabir and Zubair Botawala) acquired 16,86,880 equity shares of Sofcom Systems Ltd on November 22, 2024, through a preferential allotment. This lifted her holding from 0.19% (46,456 shares) to 7.16% (17,33,336 shares) of the company's voting capital. The preferential allotment also significantly expanded the company's share capital from 41.55 lakh equity shares to 2.42 crore equity shares, indicating a large capital infusion. The disclosure under Regulation 29(1) was filed on April 19, 2025, roughly five months after the actual acquisition.
This is a substantial new entry by a non-promoter group via preferential route, giving them meaningful influence in the company. Shareholders should note the sharp increase in equity base (dilution risk for existing holders) and watch for further acquisitions as the acquirer is now approaching the 10% takeover threshold, beyond which additional regulatory disclosures and offer obligations may trigger.