The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Arvinder Singh Pasricha & Others
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Thrive Future Habitats Infra Pvt Ltd and related acquirers (Arvinder Singh Pasricha, Aman Pasricha Balsara, Zinnia Pasricha) along with PAC Tushar Rohinton Balsara have acquired 5,21,579 equity shares of Ador Multiproducts Ltd, representing 5.45% of its share capital. The shares were bought at INR 7 per share on May 26, 2025 via a Share Purchase Agreement from Aditya Malkani, Ninotchka Malkani Nagpal, Deep Ashda Lalvani and Vimla Ashda Lalvani. The acquiring entity's individual holding rose from 10.92% (10,43,790 shares) to 16.37% (15,65,369 shares). Combined shareholding of the acquirer group plus PACs moved up from 66.08% to 71.53% of Ador Multiproducts' equity capital. The disclosure was filed under Reg 18(6) of SEBI Takeover Regulations during the open offer period.
This is a creeping acquisition during the takeover open offer period that pushes the acquirer group's combined holding to 71.53%, approaching the 75% threshold that can trigger delisting obligations. Existing minority shareholders of Ador Multiproducts should watch for any further consolidation steps and open offer / delisting announcements.