The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jayesh Sheshmal Rawal
Awaiting price reaction for this filing.
Filtron Engineers Ltd's promoter Jayesh Sheshmal Rawal has disclosed acquisition of 2,25,00,000 equity shares representing 35.42% of the company, through a preferential allotment dated December 17, 2025. Prior to this acquisition, the promoter held no shares in the company. The total equity share capital of Filtron Engineers expanded sharply from Rs. 2.61 crore (26,16,500 shares) to Rs. 63.51 crore (6,35,16,500 shares), indicating a large-scale preferential issue where the promoter is the key allottee. Post-acquisition, the promoter's total holding stands at 35.42%, making him the single largest shareholder in the company.
This is a significant promoter entry that brings strong promoter skin into the business and may boost investor confidence in the company's future. However, the company has issued a large number of new shares, which will dilute existing shareholders substantially. The stock may see short-term volatility depending on the issue price versus market price.