The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pratik Sheth

Ownership Changes View source PDF Explain this filing

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AI summary

Pratik Sheth, along with PAC Jinal Sheth, has disclosed an acquisition of 26,08,638 equity shares (4.97%) in Variman Global Enterprises Ltd via transmission (inheritance transfer) on 03.06.2025. After the acquisition, their combined holding stands at 28,01,138 shares, or 5.34% of the paid-up share capital. The acquirer has confirmed that he does not belong to the promoter or promoter group. This Reg 29(2) filing was triggered as the combined holding crossed the 5% disclosure threshold.

Likely market impact

No direct material impact on promoter holding or control of the company; the filing is a regulatory disclosure arising from transmission of shares to a non-promoter acquirer crossing the 5% ownership mark.