The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kushal Chaturvedi & PACs
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Kushal Chaturvedi (promoter) along with PAC Ruchika Chaturvedi acquired 2,37,500 fully paid-up equity shares of Viksit Engineering Ltd on March 27, 2026, at face value of INR 10 per share, for a total consideration of INR 23.75 lakhs. The acquisition was made via preferential allotment pursuant to the Resolution Plan approved by the NCLT Mumbai Bench on February 11, 2025. Post-acquisition, the promoter group's holding stands at 95% of the total paid-up equity share capital (94% Kushal Chaturvedi + 1% Ruchika Chaturvedi). The company's total share capital expanded from INR 1.25 lakhs (12,500 shares) to INR 25 lakhs (2,50,000 shares). This disclosure under Regulation 29(1) of SEBI SAST Regulations was triggered because the shareholding crossed the 5% reporting threshold.
The promoter group now holds an overwhelming 95% stake, leaving very little public float and potentially low liquidity in the stock. This acquisition stems from an NCLT-approved resolution plan, suggesting the company has emerged from a corporate insolvency process with the promoter group taking control.