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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Awaiting price reaction for this filing.
High Street Filatex Limited disclosed a preferential allotment on 28.03.2025 to Sandeep Agrawal (4,50,000 shares) and Anupriya Sandeep Agrawal (1,75,000 shares), both allotted at Rs. 15 per share by the Board of Directors. Their individual holdings moved from 0% to 19.20% and 7.47% respectively. Combined, the acquirers and persons acting in concert now hold 6,25,000 shares, equating to 26.67% of the company, up from 0% prior to the acquisition. This filing is being made pursuant to the takeover regulations for acquisitions via preferential issue.
A 26.67% stake acquired via preferential allotment indicates new promoter or strategic shareholder entry, which may lead to changes in management control and board composition. Existing shareholders should monitor for related changes in the company's direction, and the Rs. 15 allotment price is relevant for assessing any potential dilution or value implications.