The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ruchika Chaturvedi & Kushal Chaturvedi
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Ruchika Chaturvedi and Kushal Chaturvedi (PAC) of the promoter group have acquired 2,37,500 equity shares (95%) of Viksit Engineering Ltd through a preferential allotment on March 27, 2026. The acquisition is part of a Resolution Plan approved by the NCLT Mumbai Bench in February 2025, indicating the company has emerged from insolvency/corporate insolvency resolution process (CIRP). As part of this restructuring, the company's total equity share capital expanded 20x from 12,500 shares (₹1.25 lakh) to 2,50,000 shares (₹25 lakh). Ruchika Chaturvedi acquired 1% (2,500 shares) while Kushal Chaturvedi (PAC) acquired 94% (2,35,000 shares), giving the promoter group near-complete control of the company.
Post-restructuring, the promoter group holds 95% of the company, leaving only 5% as public float, which will severely impact share liquidity and price discovery on the exchange. Existing minority shareholders face massive dilution (from 100% free float to just 5%) as part of the resolution plan. The stock should be treated as effectively promoter-controlled with very limited trading interest.