The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Folksforce Pvt Ltd
Awaiting price reaction for this filing.
Folksforce Private Limited, a promoter group entity, received an allotment of 75,00,000 equity shares (10.65% stake) on March 31, 2026. The shares were allotted pursuant to a scheme of arrangement between Keto Motors Private Limited (transferor) and Keto Motors Limited (formerly Taaza International Limited). Prior to this acquisition, Folksforce held zero shares. After the transaction, Folksforce holds 75,00,000 shares representing 10.65% of the enlarged share capital of 7,04,34,472 equity shares. The mode of acquisition is via preferential allotment under the court-approved scheme.
This represents a promoter group acquiring a 10.65% stake through a restructuring scheme. For shareholders, this indicates consolidation within the promoter group, potentially strengthening promoter holding. The substantial acquisition disclosure is a regulatory compliance requirement since the acquisition exceeds 5% threshold.