The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mrs. Ruchika Chaturvedi
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Mrs. Ruchika Chaturvedi has acquired 2,500 equity shares (face value INR 10 each, total INR 25,000) of Viksit Engineering Ltd via allotment in a board meeting held on March 27, 2026. The acquisition was made pursuant to the Resolution Plan approved by NCLT Mumbai Bench on February 11, 2025, under which she and Mr. Kushal Chaturvedi were the Successful Resolution Applicants. The acquisition is exempt from open offer requirements under Regulation 10(1)(da) of SEBI (SAST) Regulations. Post-transaction, Ruchika Chaturvedi holds 2,500 shares (1%) and Kushal Chaturvedi holds 2,35,000 shares (94%), bringing their combined holding to 95% of the company's share capital (up from 0% pre-transaction).
This marks the completion of the change of control through the insolvency resolution process, with the new promoter group now controlling 95% of Viksit Engineering Ltd. Retail shareholders should note that this represents a near-total takeover under the NCLT plan, and the new promoters may look to make further corporate actions such as delisting or capital restructuring given their dominant stake.