The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Expertpro Realty Pvt Ltd
Awaiting price reaction for this filing.
Expertpro Realty Private Limited, part of the promoter group, acquired 9,83,675 equity shares (5.00%) of SR Industries Limited. Before the acquisition, the acquirer held zero shares. The shares were acquired on 4th February 2025 pursuant to an NCLT Chandigarh order dated 1st July 2024 under the Insolvency and Bankruptcy Code (IBC). As part of the IBC resolution, the previous promoter shares (19.51%) were cancelled, public shareholders received 5% on a proportionate basis, and new promoters were allotted 95% of equity shares with an infusion of Rs. 11.70 crore. After the acquisition, the acquirer's total holding stands at 9,83,675 shares (5.00%). The total equity share capital of the company is Rs. 19.67 crore divided into 1,96,73,500 equity shares of Rs. 10 each.
This is a change-of-control event under IBC where new promoters (Expertpro Realty) have formally taken over the company with a 5% direct stake as part of a 95% overall promoter allotment. Shareholders should note the resolution plan has resulted in significant dilution of previous promoter holding and a new promoter entry with capital infusion.