The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for J B Advani & Company Pvt Ltd & Others
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Awaiting price reaction for this filing.
The promoter group of Ador Multiproducts Limited — J B Advani & Company Pvt Ltd, Mr. Aditya Tarachand Malkani, Ms. Ninotchka Malkani Nagpal, Mr. Deep Ashda Lalvani, and Ms. Vimla Ashda Lalvani — have sold 15,65,369 equity shares (16.37% of total share capital, 8.29% of diluted capital) to an acquirer pursuant to a Share Purchase Agreement. The transaction took place between May 23 and May 26, 2025. Post the deal (including the open offer), the sellers will lose their promoter status and be reclassified as public shareholders. Equity share capital remains 95,60,989 shares of Rs 10 each, with 93,12,364 fully convertible warrants outstanding.
This is a change-of-control transaction — existing promoters are exiting Ador Multiproducts by selling their ~16.37% block stake to a new acquirer (linked to Thrive Future Habitats Ltd per the filing headline). Retail investors should watch for the accompanying open offer price and terms, as well as any further disclosures about the new promoter group and their plans for the company.