The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Neena N Dharod
Awaiting price reaction for this filing.
Neena N Dharod, a non-promoter acquirer, has disclosed the acquisition of 5,00,000 equity shares (8.48%) in I-Power Solutions India Limited under SEBI's Takeover Regulations. The acquirer held zero shares before this transaction, meaning this is a fresh entry. The shares were allotted on 12th June 2025, with credit into the demat account on 7th August 2025 after trading approval. The company's total equity share capital expanded from Rs. 4.44 crore (44.49 lakh shares) to Rs. 5.89 crore (58.99 lakh shares), indicating the acquisition was likely through a preferential allotment, as suggested by the 'Date of Allotment' reference.
This is a sizeable 8.48% stake taken by a non-promoter, raising questions about who the ultimate beneficial owner is and their intent. Investors should watch for further disclosures if the stake crosses the 10% trigger threshold, and monitor any related party or strategic implications of this preferential issue.