The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Anita Nyati
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Awaiting price reaction for this filing.
Anita Nyati, a member of the promoter group of Swastika Investmart Ltd, was allotted 5,10,000 equity shares (face value Rs. 2 each) on 6th June 2025 upon conversion of 1,02,000 warrants on a preferential issue basis, with a remaining consideration of Rs. 2,37,91,500 paid (75% of the issue price). As a result, her holding in the company increased from 19,90,000 shares (11.49%) to 25,00,000 shares (12.44%) of the total voting capital. The total equity share capital of the company rose from Rs. 3.46 crore (1.73 crore shares) to Rs. 4.02 crore (2.01 crore shares) following this and similar allotments. The disclosure has been made to BSE under SEBI's takeover regulations.
This is a promoter group member increasing her stake via warrant conversion, which signals continued confidence in the company. The rise in equity base (due to conversion) will marginally dilute existing shareholders, while the promoter conviction is mildly positive for sentiment.