The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Purshottam Kumar Gupta
Awaiting price reaction for this filing.
Non-promoter Purshottam Kumar Gupta has acquired 24,20,000 equity shares (face value Rs. 2 each) in Omansh Enterprises Ltd through a preferential allotment, arising from the conversion of compulsory convertible preference shares into equity shares on June 10, 2025. This takes his holding from nil to 13.81% of the total share/voting capital (13.42% on a diluted basis). The acquisition came as part of a much larger capital expansion — the company's equity share capital grew from Rs. 1.00 crore (50.28 lakh shares) to Rs. 3.51 crore (1.75 crore shares), effectively tripling the share base. The acquirer is not part of the promoter/promoter group, making this an external strategic investor taking a meaningful stake.
Existing shareholders face significant equity dilution as the share count more than tripled through the preferential issue, though a new substantial holder brings fresh capital and confidence. The stock price may react based on perceptions of the new investor's intent and the value at which the preference shares were converted.