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