The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Avnish Jindal
Awaiting price reaction for this filing.
Avnish Jindal, who is NOT part of the promoter or promoter group, has disclosed an acquisition of 19,90,625 equity shares (face value Rs. 2 each) in Omansh Enterprises Ltd, representing 11.36% of the total share/voting capital and 11.04% on a diluted basis. The shares were acquired through a preferential allotment on 10 June 2025, pursuant to the conversion of compulsory convertible preference shares (CCPS) into equity shares. Before this acquisition, the acquirer held zero shares in the company, so this is a fresh entry taking his holding from nil to 11.36% in a single transaction. As a result of the conversion, the company's equity share capital expanded sharply from Rs. 1.00 crore (50.28 lakh shares) to Rs. 3.50 crore (1.75 crore shares), nearly tripling the share base.
Existing shareholders face significant dilution as the share count has nearly tripled due to the CCPS-to-equity conversion, which may weigh on earnings per share. A new non-promoter shareholder now holds over 11% of the company, which is a material stake and could bring in fresh capital or strategic direction, but also introduces a new influential shareholder whose future actions (holding above 10% triggers open offer obligations if they cross 15%) investors should track.