The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nimal Kumar Bhakat
Awaiting price reaction for this filing.
Nirmal Kumar Bhakat, a non-promoter individual acquirer, has acquired 48,43,260 equity shares (about 15.80% of the paid-up capital) of Nagarjuna Agri Tech Limited through a preferential allotment of equity shares dated 20.03.2026. Before this acquisition, the acquirer held no shares in the company, and post-allotment his total holding stands at 15.80% of equity and voting capital. The company's paid-up equity capital increased from approximately Rs. 9.37 crore to about Rs. 30.66 crore, reflecting a significant capital expansion. The acquirer is not part of the promoter or promoter group, and the shares were allotted on a preferential basis rather than through open-market purchases.
A non-promoter picking up a 15.80% strategic stake via preferential issue signals a possible new investor or partner coming in, which may be seen positively as it brings fresh capital and commitment. For existing shareholders, the shareholding gets diluted by the preferential allotment, and any further action by the new acquirer (open-market buys beyond 5% or takeover trigger) could materially impact stock price.