Revised disclosure under Regulation SAST - 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 by Pratika Jain
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Pratika Jain, a non-promoter acquirer, has submitted a revised disclosure under SEBI's Takeover Regulations regarding an off-market purchase of 87,199 equity shares of High Street Filatex Limited, executed on 24 December 2024. The revision was made because the original filing had omitted the transaction date. This acquisition represents roughly 13.48% of the company's total equity share capital of 6,47,000 shares (face value Rs. 10 each). The acquirer does not belong to the promoter or promoter group. No encumbrance (pledge/lien) activity is involved in this transaction.
This is purely a correction filing — the substance of the transaction is unchanged, only the transaction date was added for compliance. For shareholders, there is no new action required; however, it formally records a non-promoter entity acquiring a sizeable ~13.5% stake via off-market route, which could be of interest for future ownership structure disclosures.