The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepshikha Deshmukh
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Deepshikha Dhiraj Deshmukh, part of the promoter group of Vashu Bhagnani Industries, converted 16,50,000 warrants into equity shares on 21 August 2025, raising her holding from 3.08% (17,07,916 shares) to 5.25% (33,57,916 shares), a 2.17% increase. This was part of a larger conversion of 85,15,000 warrants into shares by promoters and non-promoters, which expanded the company's equity base from 5,54,38,500 to 6,39,53,500 shares. After the conversion, the total promoter group holding stands at 74.48% of the paid-up capital.
Promoter group's stake has consolidated to 74.48% (up from 73.83% pre-conversion on a basic basis), signalling continued promoter confidence through warrant-to-equity conversion. This dilution-resistant event supports shareholding stability but takes the group closer to the 75% takeover threshold, which could trigger open offer obligations under SEBI Takeover Regulations if crossed.