The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dinesh Ramprasad Poddar & Other
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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 2.2 pts less than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dinesh Ramprasad Poddar and Rajesh Ramprasad Poddar, both members of the promoter group, acquired a total of 52,69,439 equity shares (5.85% of voting capital) through transmission following the demise of Pushpadevi Poddar. Dinesh's holding rose from 16.27% to 19.20%, while Rajesh's holding increased from 19.54% to 22.47%, taking the combined promoter group stake from 35.81% to 41.67%. The transaction was completed on 19-06-2025 and involved no cash consideration, as the shares were inherited. The company's equity base remained unchanged at 9 crore shares of Re 1 each.
Promoter group control strengthens to 41.67%, consolidating family ownership after the demise of Pushpadevi Poddar. Since the acquisition was through inheritance (not a market purchase), there is no immediate dilution or cash impact on shareholders, though the shift in holdings may be noticed by the market.