The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mehul Mohanka & PACs
TEGA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tega Industries promoter Mehul Mohanka, along with Persons Acting in Concert (PACs), acquired 7,72,313 fully paid equity shares of the company through a preferential allotment on November 28, 2025. The acquisition increased their shareholding in absolute terms from 4,97,68,945 to 5,05,41,258 shares. However, because the company's total share capital expanded from 6.65 crore to 7.51 crore equity shares as part of the preferential issue, the promoter group's voting percentage actually diluted from 74.80% to 67.27%. This filing under SEBI SAST Regulation 29(2) is a routine disclosure made within two working days of the allotment.
Neutral to mildly positive for existing shareholders — the promoter is reinforcing their commitment by subscribing to the preferential issue, signalling confidence in the business. However, the dilution effect means non-promoter shareholders now hold a marginally larger proportional stake in the expanded equity base.