The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vasanti Gunvant Sheth
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Vasanti Gunvant Sheth, a non-promoter acquirer, has acquired 1,24,930 equity shares (5.33%) of High Street Filatex Limited through a preferential allotment, taking her holding from nil to 5.33% as of 13 May 2025. This disclosure was filed under Regulation 29(1) of SEBI's Takeover Regulations, triggered because the acquisition crossed the 5% substantial acquisition threshold. The company's total equity share capital expanded from 6,47,000 shares (FV Rs 10) to 23,43,430 shares as a result of this preferential issue. The shares were credited to her demat account on 13 May 2025.
A new non-promoter shareholder now holds over 5% of the company after a preferential issue, which means existing shareholders have been diluted. Investors should note the change in the shareholding pattern and the entry of a significant acquirer, which could influence future corporate decisions.