The Exchange has received the disclosure under Regulation 18(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sandeep Agrawal
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High Street Filatex Limited has reported a preferential allotment of shares to Sandeep Agrawal and Anupriya Sandeep Agrawal on 28.03.2025. Sandeep Agrawal was allotted 4,50,000 shares at Rs. 15 per share, taking his holding to 19.20% from 0%. Anupriya Sandeep Agrawal was allotted 1,75,000 shares at Rs. 15 per share, taking her holding to 7.47% from 0%. Combined, the acquirers' total shareholding rose from 0% to 26.67% of the company's total share capital in a single transaction.
The acquirers have crossed the 25% open offer threshold under takeover rules via a preferential allotment, likely signaling a change in control or induction of new promoters. Shareholders should watch for any mandatory open offer announcement and note the significant dilution caused by the preferential issue at Rs. 15 per share.