The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ankur Bhupendra Shah & Others
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Non-promoter acquirers Ankur Bhupendra Shah, Pratika Jain, and Rupal Shah acquired 4,36,500 equity shares (18.63% of share capital) of High Street Filatex Limited through a preferential allotment on 13.05.2025. Their combined holding rose from 13.48% (87,199 shares) to 22.35% (5,23,699 shares), crossing the 15% and 20% SEBI disclosure thresholds in a single transaction. The company's total equity share capital expanded sharply from 6,47,000 to 23,43,430 shares of Rs. 10 face value, indicating fresh issuance to the acquirers. The acquirers are explicitly classified as non-promoter/non-promoter-group, and the shares were received via credit to demat accounts on the allotment date.
Existing shareholders face significant equity dilution due to the preferential issue, while non-promoter acquirers now hold over a fifth of the company, potentially influencing future corporate decisions. The crossing of multiple SAST thresholds suggests this group is building a meaningful strategic stake worth monitoring.