The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tushar P Shah
Awaiting price reaction for this filing.
Tushar P Shah, a non-promoter, has acquired 4,50,000 equity shares (7.63%) of I-Power Solutions India Ltd through a preferential allotment dated 12 June 2025, with shares credited to his demat account on 7 August 2025. This is his first disclosure under SEBI SAST Regulations — prior to this he held 0% stake in the company. The company's total equity share capital expanded from Rs 4.44 crore (44.49 lakh shares) to Rs 5.89 crore (58.99 lakh shares) reflecting the fresh allotment. The acquisition was made directly from the company (preferential allotment), not via open market purchase.
A new non-promoter shareholder now holds nearly 7.63% of the company, just below the 10% SAST disclosure threshold, which could mean further buying activity may trigger additional disclosures. Shareholders should monitor for any follow-on stake increases by Tushar P Shah or related entities, and note the dilution of existing shareholders' stakes from the preferential allotment.