The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhinandan Jain & Others
UNIVPHOTO · price
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Abhinandan Jain, along with Raj Kumar Patni and Simran Jain (acting in concert but not part of the promoter group), has disclosed a major open-market acquisition of equity shares in Universus Photo Imagings Ltd on 12 March 2026. Their combined holding jumped from just 1,04,946 shares (0.95%) to 12,33,720 shares (11.27%), a single-day acquisition of 11,28,774 shares (10.31% of the company). The total share capital of Universus Photo Imagings is about ₹10.95 crore, divided into 1.09 crore equity shares of ₹10 each. This filing is triggered because the acquisition has crossed both the 5% and 10% disclosure thresholds under the SEBI Takeover Regulations.
This is a significant non-promoter acquisition that gives the acquirer group over 11% voting power in one go, which could raise corporate governance and takeover-related concerns. Shareholders should watch for further disclosures, as approaching the 25% trigger threshold could lead to an open offer obligation.