The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Mahendrakumar Shah
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Promoter Hitesh Mahendrakumar Shah has disclosed the acquisition of 93,30,666 equity shares (14.72%) of U. H. Zaveri Limited through a Rights Issue. His holding has gone up from 24,15,333 shares (23.69%) to 1,17,45,999 shares (38.41%) of the company. The acquisition was made on receipt of the intimation of allotment under the Rights Issue, dated 18 November 2025. No shares were encumbered, and the transaction is an increase in promoter stake, not a sale.
This shows the promoter is increasing his commitment in the company by subscribing to the Rights Issue rather than letting his entitlement lapse, which is generally seen as a positive confidence signal. However, the promoter holding remains below the 50% majority mark, so control of the company is not changing hands.