The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Avani Mehta & PACs
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Promoter Avani Shailesh Mehta acquired 3,47,875 equity shares (2.39% of expanded capital) through conversion of warrants into equity shares via preferential allotment. The acquisition took place on April 15-16, 2026. The total promoter group stake increased from 27.87% to 29.65% of the diluted share capital. Notably, Shailesh Ramniklal Mehta has 10,44,585 shares pledged (7.41% of total capital). The company's expanded equity capital increased from 1,37,43,428 to 1,40,91,303 shares.
The increase in promoter holding from 27.87% to 29.65% signals promoter confidence in the company. However, the significant pledged shares by one promoter group member may raise concerns about potential dilution or selling pressure if those pledges are invoked.