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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The Pasricha-Balsara family group (Mr. Arvinder Singh Pasricha, Mrs. Aman Pasricha Balsara, Ms. Zinnia Pasricha, and Thrive Future Habitats Infra Pvt Ltd), along with PAC Mr. Tushar Rohinton Balsara, has acquired 10,43,790 equity shares (10.92%) of Ador Multiproducts Limited on May 23, 2025, via a Share Purchase Agreement with J B Advani & Company Pvt Ltd at INR 7 per share. This is a disclosure under Regulation 18(6) of SEBI's Takeover Regulations, meaning the purchase happened during an ongoing open offer period. The acquirer group's combined holding in Ador Multiproducts has risen from 55.16% (52,73,410 shares) to 66.08% (63,17,200 shares), further consolidating their majority control. The acquisition price of INR 7 per share is the negotiated deal price under the SPA.
The acquirer/promoter group has firmed up majority control of Ador Multiproducts, now holding over two-thirds of the company, which reduces free float and could limit trading liquidity. For shareholders, this signals consolidation by the existing controlling group at a relatively low price (INR 7/share), potentially ahead of the open offer price discovery.