The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elimath Advisors Pvt Ltd
SOFTTECH · price
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Elimath Advisors Pvt Ltd, a non-promoter entity owned by Mathew Cyriac, acquired 22,46,998 equity shares (16.23%) of Softtech Engineers Ltd through an open market purchase on December 4, 2025. Prior to this acquisition, Elimath Advisors held zero shares in the company, making this a fresh substantial stake build-up from scratch. The disclosure has been filed under Regulation 29(1) of the SEBI Takeover Regulations, which is triggered when an acquirer's holding crosses key disclosure thresholds. The total share capital of Softtech Engineers remains unchanged at 1,38,42,138 equity shares of Rs. 10 each.
A new non-promoter entity now holds over 16% of the company, which could influence shareholder dynamics, board composition discussions, or future corporate actions. Retail investors should watch for any further disclosures from Elimath Advisors or any response from existing promoters, as further purchases could trigger an open offer obligation at the 25% mark.