The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rama Industries Ltd & Others
Awaiting price reaction for this filing.
Rama Industries Limited and its Persons Acting in Concert (PACs), who belong to the Promoter/Promoter group of Rama Petrochemicals Ltd, acquired 9,67,360 equity shares (Rs. 10 each) on 23rd January 2026 through a Preferential Allotment. This raised their direct voting shareholding from 58.28% to 63.28% of the company's equity capital. Their total holding (including convertible instruments) remains unchanged at 68.28%, as 15,96,450 convertible securities appear to have been extinguished during the allotment process. The target company's share capital increased from Rs. 11.72 crore to Rs. 13.32 crore post-allotment. The disclosure was filed under Regulation 29(2) of SEBI's SAST Regulations, 2011.
The promoter group has significantly strengthened its direct voting control in Rama Petrochemicals, signaling continued insider confidence. For shareholders, this means tighter promoter grip on decision-making, though the preferential allotment also dilutes non-promoter shareholders' stake by about 13.6%.