Non-promoter group acquires 72.55 percent stake via preferential allotment
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On the reaction day the stock moved 2.6 pts more than Nifty Microcap 250 and 1.6 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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A non-promoter group consisting of Prasanna Natarajan, Rajat Chakra and Holding, Sipping Spirits, Saranga Investments, and Rajalakshmi Natarajan acquired 4,21,97,154 equity shares, equal to 72.55 percent of Tejassvi Aaharam, through a preferential allotment on July 20, 2026. Pre-allotment equity capital was 70 lakh shares; post-allotment capital expanded to 5.81 crore shares. Rajat Chakra and Holding became the largest holder at 33.23 percent. Before this deal the group held virtually zero shares.
Major change of control as a new non-promoter group takes 72.55 percent via preferential issue, heavily diluting existing shareholders.