The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mastermind JPIN SME Growth Fund
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On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 1.4 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mastermind JPIN SME Growth Fund, acting through Mastermind JPIN Investment Managers LLP, acquired 1,50,00,000 (1.5 crore) equity shares of Tahmar Enterprises Ltd on 19 May 2025 through an off-market deal. Prior to this acquisition, the fund held zero shares in the company; after the deal, its holding stands at 11.13% of the paid-up share capital (Rs 13.47 crore total) and 9.12% of the diluted share capital (which includes 2.96 crore outstanding convertible warrants). The acquirer has confirmed it is NOT part of the promoter or promoter group of the company. The disclosure is being filed because the acquisition crossed the 5% regulatory threshold, triggering mandatory reporting under SAST Regulations.
A new institutional/fund-backed shareholder now holds over 11% of the company, which could change the shareholder dynamics and influence governance. Since this was an off-market block deal, it may signal a private negotiated transaction rather than open-market accumulation, and existing minority shareholders should watch for further disclosures if the fund increases its stake toward the 15% trigger level.