The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Thrive Future Habitats Infra Pvt Ltd & PACs
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Thrive Future Habitats Infra Private Limited, along with Persons Acting in Concert (PACs) — Mr. Arvinder Singh Pasricha, Mrs. Aman Pasricha Balsara, Ms. Zinnia Pasricha and Mr. Tushar Rohinton Balsara — has acquired 15,65,369 equity shares (face value INR 10 each) of Ador Multiproducts Limited, representing 16.37% of the voting capital and 8.29% of the diluted capital. The acquisition was executed via a Share Purchase Agreement (SPA) between May 23 and May 26, 2025. Before the deal, the acquirer held no shares while PACs already held 52,73,410 shares (55.16%); after the deal, the combined holding rises to 68,38,779 shares (71.53% of voting capital / 36.24% of diluted capital). The acquirer and PACs are currently not classified as promoters but will be reclassified as members of the promoter group of Ador Multiproducts upon completion of the open offer.
This is a change-of-control transaction that makes the Pasricha/Balsara family the new promoter group of Ador Multiproducts with a dominant 71.53% voting stake. Shareholders should expect an open offer to follow for additional shares from public shareholders, and the stock may see price action driven by takeover-related dynamics.