The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Max Spare Ltd & PACs
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Max Spare Limited, part of the promoter group, acquired 1,00,000 equity shares (0.73%) of United Van Der Horst Limited through an off-market purchase from promoter Jagmeet Singh Sabharwal on November 20, 2025. This is an inter-se transfer within the promoter group, so the total promoter group holding remains unchanged at 1,03,34,170 shares (74.94%). Post-acquisition, Max Spare Limited's individual holding rose from 4.93% (6,80,000 shares) to 5.66% (7,80,000 shares), crossing the 5% creeping acquisition threshold. The equity share capital of the company stands at Rs. 6,89,43,500 with 1,37,87,400 fully paid shares and 2,600 partly paid shares of Rs. 5 each.
No change in overall promoter shareholding or control, as this is merely a reshuffling of shares within the promoter family. Shareholders should note that an individual promoter group entity has crossed the 5% disclosure threshold, but it has no bearing on company fundamentals or minority shareholders.