BSEDharti Proteins LtdHighNeutral
Announced Wed, 25 Feb, 2026 · 13:22 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Patel Jatinbhai Ramanbhai & PACs

Promoter Stake BuyOwnership Changes View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

Mr. Patel Jatinbhai Ramanbhai along with Persons Acting in Concert (Mrs. Rinkal J Patel and Mrs. Patel Vandanaben Hiteshkumar) has acquired 4,25,000 equity shares (85%) of Dharti Proteins Limited pursuant to a Resolution Plan approved by the NCLT Ahmedabad Bench under Section 31 of the Insolvency & Bankruptcy Code, 2016. The acquisition was approved at a board meeting on 20 February 2026, and the NCLT order was dated 18 November 2025. Before this acquisition, the acquirer and PACs held no shares in the company. Post-acquisition, the total equity share capital stands at 5,00,000 shares of Rs. 10 each (Rs. 50 lakh), with the acquirer group now classified as the new promoter holding 85%. The shares are listed on BSE.

Likely market impact

This is a change of control event — the company has emerged from the insolvency resolution process with a new promoter group holding a dominant 85% stake. Existing minority shareholders now hold just 15%, and free float is very thin, which may lead to liquidity concerns and price volatility on BSE.