The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rejoice Developers Pvt Ltd
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Rejoice Developers Private Limited, a non-promoter entity, increased its shareholding in Vashu Bhagnani Industries from 2.68% to 5.16% (up 2.48%) after receiving 18,15,000 equity shares on conversion of warrants on 21st August 2025. The company's total equity base expanded from 5,54,38,500 to 6,39,53,500 shares following the full conversion of 85,15,000 warrants held by promoters and non-promoters. This filing under SAST Regulation 29(2) was triggered because Rejoice Developers crossed the 5% disclosure threshold. No open market purchase or encumbrance was involved — the shares came from a pre-existing warrant instrument.
Neutral to mildly positive — the stake increase is from a pre-committed warrant conversion, not a fresh market purchase, so it does not signal new buying demand. However, the company's expanded share capital dilutes existing shareholders, and a non-promoter crossing the 5% mark is a notable structural change in the shareholder base.