The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dulcee Accessories Pvt Ltd
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Dulcee Accessories Private Limited has submitted a revised disclosure to BSE regarding its acquisition of 5,900,000 equity share warrants of Swojas Foods Ltd via preferential allotment on 22 December 2025. The warrants represent 10.36% of the company's total diluted share capital (which would be 56,947,150 shares post full conversion of all warrants). The original disclosure dated 23 December 2025 was revised only to include the mode of acquisition (preferential allotment), which was missing due to a printing/oversize issue. Dulcee Accessories clarified it is NOT part of the promoter/promoter group. Before the acquisition, the entity held nothing; after, it holds 5,900,000 warrants equivalent to a 10.36% stake on a fully diluted basis.
A non-promoter entity crossing the 10% disclosure threshold via warrant-based preferential allotment is a notable development. Shareholders should monitor whether this is a strategic investment or potentially leads to further stake buildup, as any incremental acquisition beyond 5% in a financial year would require an open offer under SAST creeping acquisition rules.