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, has acquired 22,46,998 equity shares of SoftTech Engineers Ltd, representing 16.23% of the company's share capital. The shares were acquired through an encumbrance mechanism (pledge invocation) on 4 December 2025, not through direct purchase of voting shares. Before this acquisition, Elimath Advisors held NIL shares; after the acquisition, its entire holding of 16.23% sits as encumbered shares, not as direct voting equity. The mode of acquisition is recorded as encumbrance, and this is the first time Elimath Advisors has crossed the SEBI disclosure threshold in the company. The acquirer is explicitly confirmed as NOT belonging to the promoter or promoter group.
For shareholders, this signals that a significant 16.23% stake has moved to a non-promoter entity via pledge invocation, which could indicate financial stress or restructuring at the original pledgor's end. The stock may see short-term volatility as the market digests a large encumbered block changing hands outside of promoter control.