The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kunjit Patel
Awaiting price reaction for this filing.
Kunjit Maheshbhai Patel acquired 1,97,50,000 equity shares (24.98%) of Omega Interactive Technologies Ltd through a preferential allotment. The acquisition was completed on 15 April 2026. Prior to this transaction, the acquirer held zero shares. After the acquisition, the acquirer holds approximately 25% of the total share capital. Importantly, the acquirer is NOT part of the Promoter/Promoter Group. The company's total share capital increased significantly from Rs. 2.59 crore shares to Rs. 7.90 crore shares due to the preferential allotment, indicating substantial dilution.
A non-promoter acquiring a ~25% stake is significant and may raise concerns about creeping acquisition. The acquirer is now just below the 25% threshold that would trigger mandatory open offer requirements under SAST regulations.