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 Pvt Ltd, part of the promoter group, has acquired 9,83,675 equity shares (5.00%) of SR Industries Limited on 4th February 2025. This acquisition is pursuant to an NCLT Chandigarh Bench order dated 1st July 2024 under the IBC resolution plan. Under this restructuring, previous promoter shares (19.51%) were cancelled, public shareholders received a 5% allotment on proportionate basis, and new promoters were allotted 95% of the equity with an infusion of Rs. 11.70 crore. The total equity share capital stands at Rs. 19.67 crore divided into 1,96,73,500 shares of Rs. 10 each.
This is a change of control event where new promoters are taking over the company through the IBC resolution process. Shareholders should note the complete restructuring of ownership, with old promoters exiting and new promoter group coming in. The stock may see volatility as the new management begins operations under a fresh equity structure.