The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pishu V Chainani
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Pishu V. Chainani, a non-promoter individual based in Dubai, has been allotted 1.2 crore warrants of Transchem Limited through a preferential allotment on June 3, 2026. Each warrant is convertible into one equity share of Rs. 10 face value within 18 months. Before this acquisition, the acquirer held zero shares in the company. After allotment, the warrants represent 19.51% of the fully diluted share capital of Transchem. The company's total equity capital is Rs. 12.24 crore (1.22 crore shares), while the fully diluted capital stands at Rs. 73.74 crore (7.37 crore shares assuming all warrants are converted.
This is a significant capital infusion event with a single non-promoter acquirer taking a substantial 19.51% stake on a diluted basis, which could change the shareholding structure and may influence stock price positively due to fresh capital commitment. Shareholders should note the acquirer's holding is close to the 25% open offer trigger threshold under takeover rules.