We are submitting herewith the disclosure under Regulation 29(1) of the SEBI Takeover Regulations received from Ram''s Assorted Cold Storage Limited on account of change in the shareholding/Voting ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ram's Assorted Cold Storage Limited (RASCL), part of the promoter group of Suryo Foods & Industries Ltd, subscribed to the company's Rights Issue and was allotted 14,29,914 equity shares at ₹20 per share (₹10 face value + ₹10 premium). This increased RASCL's holding from 15,000 shares (0.38%) to 14,44,914 shares (20.85%) of the company. The rights issue itself saw Suryo Foods allot 29,70,000 fresh shares, growing its equity capital from ₹3.96 crore to ₹6.93 crore (39.60 lakh to 69.30 lakh shares). The acquisition was completed on March 9, 2026, and disclosed on March 11, 2026.
Promoter group's increased participation signals confidence in the company's fundraising, but the acquirer's voting rights have risen sharply to 20.85%, bringing them closer to the 25% SEBI Takeover threshold, which could trigger additional disclosure obligations going forward.