The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rajvansh Electricals Pvt Ltd
Awaiting price reaction for this filing.
Rajvansh Electricals Private Limited, a non-promoter entity, bought 3,72,626 equity shares of Aar Shyam India Investment Company Ltd through an off-market transaction on June 10, 2025. Before the deal, Rajvansh held 1,92,503 shares (6.42%), and after the acquisition it holds 5,65,129 shares, taking its voting stake to 18.84%. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011, triggered because the acquirer's holding crossed the 10% disclosure threshold. The total share capital of Aar Shyam remains unchanged at 30,00,000 equity shares of Rs 10 each (Rs 3 crore). The acquirer has no encumbrances, no warrants, and no PAC (person acting in concert) involvement. The shares acquired will rank pari-passu with existing equity shares.
This is a significant block acquisition by a non-promoter entity that pushes its holding well above the 10% SAST disclosure threshold, which could raise corporate governance attention. The off-market nature (rather than open market) means existing public shareholders were not directly impacted, but a new substantial shareholder now holds nearly one-fifth of the company. Short-term share price may see some volatility on sentiment, and any further purchases approaching 25% would trigger an open offer obligation under takeover rules.