The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinay Kumar Singh
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Mr. Vinay Kumar Singh, a non-promoter acquirer, has disclosed the acquisition of 11,73,451 fully convertible warrants of Ador Multiproducts Limited through a preferential allotment. The acquisition represents 6.22% of the total diluted share/voting capital of the company. Before this acquisition, he held 0% in the company. The warrants are convertible into equity shares of INR 10 each. The total diluted share/voting capital of Ador Multiproducts Limited after this acquisition stands at INR 18.87 crore, comprising 95,60,989 equity shares and 93,12,364 convertible warrants.
A new non-promoter shareholder has built a 6.22% stake via warrants, crossing the 5% SEBI disclosure threshold. Shareholders should note this fresh entry, which could lead to future equity dilution once warrants are converted.