The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vishal Jethalia & PACs
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Vintage Coffee and Beverages has filed a SEBI SAST disclosure showing the promoter group's (Vishal Jethalia and 9 PACs) shareholding fell from 37.84% to 34.08% on a fully diluted basis. The drop is purely a result of the company issuing new equity shares through a preferential allotment on September 11, 2025, which increased the total share capital from 13.01 crore shares to 14.44 crore shares. No promoter shares were actually sold; the percentage diluted because the company's base expanded by about 1.43 crore new shares. Promoter Vishal Jethalia also received 2,00,000 convertible securities/warrants (0.14% of diluted capital) as part of the preferential issue.
This is a passive dilution, not an active promoter exit, so existing shareholders are not adversely affected by promoter selling. However, the preferential allotment means existing shareholders now own a smaller slice of the company. The promoter group continues to remain below the 50% mark, keeping the company effectively free of any creeping acquisition trigger but also meaning no single controlling block exists.