The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Parth Nyati
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Awaiting price reaction for this filing.
Parth Nyati, a member of the promoter group of Swastika Investmart Ltd, was allotted 5 lakh equity shares on June 6, 2025, upon converting 1 lakh warrants into shares on a preferential basis. He paid Rs. 2.33 crore as the remaining 75% consideration for the conversion. As a result, his shareholding in the company rose from 14.06% (24.35 lakh shares) to 14.60% (29.35 lakh shares). The company's total equity share capital increased from Rs. 3.46 crore (1.73 crore shares) to Rs. 4.02 crore (2.01 crore shares) due to this warrant conversion. The disclosure was filed under SEBI's takeover regulations to report the increase in stake.
This is a confidence-boosting signal as the promoter is putting in additional capital to expand his stake rather than selling. However, retail investors should note that his holding has now reached 14.60%, which is close to the 15% SAST regulatory threshold—crossing that level in the future would trigger additional takeover code disclosures and open offer obligations.