The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Avani Mehta
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Avani Shailesh Mehta, a promoter of Texel Industries Ltd, has disclosed the acquisition of 5,22,875 equity shares pursuant to the conversion of warrants allotted through a preferential issue. The shares were allotted in three tranches on April 13, 15, and 16, 2026. Her shareholding increased from 2,51,959 shares (1.85%) to 7,73,934 shares, taking her stake to 5.49% of the expanded equity share capital. The company's total equity share capital rose from ₹13.57 crore to ₹14.09 crore, comprising 1,40,91,303 equity shares of ₹10 face value. No encumbrance or pledge is involved in this transaction.
This is a promoter-led capital infusion via warrant conversion, which signals the promoter's confidence and increases her skin in the company. The expanded equity base may lead to modest dilution for existing non-promoter shareholders, though no open market buying or selling pressure is expected.