The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hitesh Shah
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Promoter Hitesh Mahendrakumar Shah has filed a revised disclosure under SEBI Takeover Regulations regarding his acquisition of 93,30,666 equity shares (14.72%) of U. H. Zaveri Limited through a Rights Issue, with the allotment intimation received on 14 November 2025. His total holding has increased from 24,15,333 shares (23.69%) to 1,17,45,999 shares (38.41%) of the company's share capital. The acquisition was made via the Rights Issue route, and he remains classified as a promoter of the company. The company's total equity share count shifted from 10,02,56,400 shares to 3,05,82,000 shares around this transaction.
This is a positive signal showing strong promoter confidence, as the promoter subscribed to his full entitlement in the Rights Issue and meaningfully increased his stake by nearly 15 percentage points. The higher promoter shareholding may improve market sentiment, though it also means greater concentration of ownership and lower free float for trading liquidity.