The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Comfort Intech Ltd
TARAPUR · price
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Comfort Intech Ltd, a non-promoter entity, has acquired 11,22,460 equity shares (5.76%) of Tarapur Transformers Ltd on April 2, 2025 through the invocation of a pledge that was created in its favour. This increased Comfort Intech's holding from 17,00,000 shares (8.72%) to 28,22,460 shares (14.47%) of the company. The disclosure has been filed under Regulation 29(2) of SEBI's Takeover Regulations, 2011, which is triggered when an acquirer's holding crosses the 10% threshold. The total equity share capital of Tarapur Transformers stands at 1,95,00,011 shares of Rs. 10 each. No encumbrance remains on the acquired shares as they now sit directly with Comfort Intech.
A pledge invocation signals financial distress for the original pledgor, who likely defaulted on a loan backed by these shares. For shareholders, this means a non-promoter entity has crossed the 10% ownership mark, which could lead to further disclosures, potential open-market selling by Comfort Intech, or even a creeping acquisition — all of which warrant close monitoring.