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 Ltd, along with Arvinder Singh Pasricha, Aman Pasricha Balsara, Zinnia Pasricha, and PAC Tushar Rohinton Balsara, has acquired 48,87,356 equity shares (51.12%) of Ador Multiproducts Limited through a preferential allotment at INR 31.41 per share on May 16, 2025. Total shareholding of the acquirer group rose from 8.26% (pre-issue) to 55.16% of the expanded share capital post-issue. The expanded share capital of Ador Multiproducts stands at 95,60,989 equity shares of INR 10 each (INR 9.56 crore). The filing is made under Regulation 18(6), which pertains to disclosures by acquirers during the open offer period.
The acquirer group has secured majority control of the listed Ador Multiproducts Ltd via preferential issue, triggering takeover code obligations including a mandatory open offer for public shareholders. Existing minority shareholders of Ador Multiproducts may get an exit opportunity through the ensuing open offer; near-term price action in Ador Multiproducts stock will depend on the open offer price.