The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manish Turakhia
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Valencia Nutrition Ltd has filed a disclosure under SEBI SAST Regulation 29(2) on behalf of promoter Manish Pravinchandra Turakhia. The promoter received 10,90,000 equity shares through the conversion of warrants allotted on a preferential basis on February 10, 2026. His shareholding in the company rose from 52,96,733 shares (30.74%) to 63,86,733 shares (34.86%) of the paid-up equity capital. On a fully diluted basis (assuming all remaining 39,10,000 warrants convert), his holding stands at 46.32% (1,02,96,733 shares). The total equity share capital of the company increased from Rs. 17.23 crore to Rs. 18.32 crore as a result of this allotment.
This is a positive signal for shareholders as the promoter is increasing his stake through warrant conversion, demonstrating continued confidence in the company. However, the promoter's fully diluted holding is now close to the 50% takeover threshold, which could trigger open offer obligations if further acquisitions cross that mark.