The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohana Babu Karjela
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.7 pts more than its Restaurants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mohana Babu Karjela, classified as a proposed promoter of Spice Lounge Food Works Ltd (formerly Shalimar Agencies Ltd), acquired 12,18,542 equity shares (1.74% of capital) through an off-market Share Purchase Agreement on 19-20 June 2025. His holding rose from 26,72,27,150 shares (38.33%) to 27,94,12,570 shares (40.08%) of the company's total equity share capital of 6,97,12,600 shares. The acquisition appears to be part of a change-in-promoter / takeover transaction being executed via SPA.
This lifts the proposed promoter's stake above 40%, consolidating control in his hands. Even though the holding is still below the 50% mark, investors should watch for further disclosures on open-offer obligations and the broader change-of-control deal.