The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinoth Kumar Mohandas
Awaiting price reaction for this filing.
Vinoth Kumar Mohandas, a promoter of Axentra Corp Ltd, along with Person Acting in Concert (PAC) Suseela Kumarappan, acquired 97,949 equity shares (1.01% of total capital) through a Share Purchase Agreement between 21 November 2025 and 23 December 2025. The shares were acquired at no change to the company's equity capital, which remains at Rs. 9.70 crore divided into 97 lakh equity shares of Rs. 10 each. Post-acquisition, the promoter's individual holding rose from 54.74% to 55.65%, while combined holding with the PAC increased from 60.82% to 61.83%. This is an off-market, private transfer (not an open market purchase), and no encumbrance or pledge is involved.
The promoter group's stake has crossed 60%, reinforcing their controlling position in the company. Since this was a private transfer via a Share Purchase Agreement rather than an open market purchase, existing retail shareholders see no direct dilution or cash impact, but the move slightly tightens the promoter's grip on the company.