The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sumita Mishra & PACs
Awaiting price reaction for this filing.
Sumita Mishra, along with PAC Ramesh Chandra Mishra, has acquired 2,50,000 equity shares (7.56%) of Avi Products India Ltd through an off-market transaction on 20 November 2025. Post-acquisition, the combined holding of the acquirer and PAC stands at 7,26,000 shares, representing 21.95% of the company's total share capital, up from 14.39% prior to the deal. The acquirer has confirmed that they do not belong to the promoter or promoter group of the company. The total equity share capital of the company remains unchanged at 33,06,802 shares of face value Rs. 10 each.
Since the acquirer is not a promoter but has crossed the 20% shareholding threshold, this becomes a creeping acquisition that may attract regulatory scrutiny and could trigger mandatory open-offer obligations if not exempt. Shareholders should monitor for any further disclosures regarding the acquirer's intent and any potential impact on shareholding pattern.