The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Calleis Infracon Pvt Ltd & PACs
Awaiting price reaction for this filing.
Dhani Services promoter group entity Calleis Infracon Pvt Ltd, along with PACs (Mr. Sameer Gehlaut, Indiabulls Developers Pvt Ltd, and others), acquired 2,25,00,000 (2.25 crore) fully paid-up equity shares of Rs. 2 each through conversion of equivalent convertible warrants previously issued on a preferential basis. Of these, Calleis Infracon received 1,12,50,000 shares and the PACs received 1,12,50,000 shares, allotted on September 22, 2025. Post-acquisition, the combined promoter group holding rose from about 30.08% to 33.91% of paid-up capital (34.15% on a fully diluted basis), an increase of roughly 3.4 percentage points. The disclosure was filed with BSE and NSE on September 24, 2025 under SEBI Takeover Regulations.
The promoter group has clearly strengthened its stake in Dhani Services through warrant conversion rather than open market buying, which can be read as a sign of continued promoter commitment. However, with promoter holding now around 34%, any further acquisition approaching the next 5% creeping limit could trigger open offer obligations under SEBI takeover rules — investors should watch for follow-up allotments or purchases.