The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ankit Jalan & Others
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Awaiting price reaction for this filing.
Promoter Ankit Jalan and PACs (including Anuj Jalan, Radhika Jalan, Manju Jalan, Prachi Jalan, Ritu Jalan, Divyanshi Jalan, and Daivik Jalan) acquired an additional 4,74,350 equity shares (about 0.95% of total share capital) of Tandhan Industries Ltd through an off-market Share Purchase Agreement dated 29 August 2025, with the transaction completed on 24 February 2026. Of this, Ankit Jalan bought 4,00,000 shares and Anuj Jalan bought 74,350 shares. After the acquisition, the promoter group's combined holding rose from 64.02% to 64.98% of the total share capital (and from 68.91% to 69.74% on a diluted basis, including 78,25,000 warrants). The company's equity share capital also expanded dramatically from 11,00,000 shares to 4,97,72,500 shares, likely due to a stock split or bonus issue around the same time.
This is a small promoter-group creeping acquisition well within SEBI's 5% annual creeping limit for shareholders holding between 25% and 75%. It signals continued promoter confidence and consolidation of control, but is unlikely to move the stock price meaningfully given the modest 0.95% increase in promoter stake.