The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Patel
Awaiting price reaction for this filing.
Promoter Hitesh Mohanlal Patel has acquired 11,00,000 equity shares of Nutricircle Ltd, increasing his holding from 58.50% (58,50,000 shares) to 62.61% (69,50,000 shares), a rise of 9.91%. The acquisition took place on 13th February 2026 and the share capital of the company also increased from 1,00,00,000 to 1,11,00,000 equity shares of Rs. 10 each, indicating a preferential allotment to the promoter. The disclosure is filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a positive signal as the promoter deepening his stake shows confidence in the company's prospects. However, the corresponding increase in share capital suggests this was funded through a preferential allotment, which is dilutive for existing minority shareholders and may weigh on the stock in the short term.