The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Natwarlal Kawa & PACs
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Hitesh Natwarlal Kawa along with Persons Acting in Concert (Roopal Hitesh Kawa and Hitesh N Kawa HUF) have disclosed acquisition of 31,21,201 equity shares (6.27% of share capital / 5.42% on diluted basis) in Sanmitra Commercial Ltd through preferential allotment of equity shares and warrants. The allotment was approved by the company's board on 17th October 2025, and the disclosure was filed on 22nd October 2025. The acquirers are not part of the promoter/promoter group of the target company. As a result, the target company's equity capital has expanded substantially from Rs. 1.10 crore (11 lakh shares) to Rs. 49.77 crore (4.97 crore shares), with diluted share capital rising to Rs. 57.59 crore.
This is a non-promoter acquisition crossing the 5% disclosure threshold. With the acquirer group now holding 6.27%, they are approaching the 10% open offer trigger under takeover norms. Shareholders should monitor further disclosures as any additional acquisition beyond 10% would require a mandatory open offer.