The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Elysian Wealth Fund
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Elysian Wealth Fund (formerly Silver Stallion Limited), a non-promoter entity, has disclosed the acquisition of 80,67,176 equity shares of Vishal Fabrics Ltd under SEBI SAST Regulation 29(1). The shares were allotted on 08/07/2025 pursuant to the conversion of fully convertible warrants issued on a preferential basis. With this acquisition, Elysian Wealth Fund's holding increased from 69,32,824 shares (3.31%) to 1,50,00,000 shares, representing 6.89% of the company's paid-up equity share capital. The company's total equity share capital expanded from Rs. 104.77 crore (20.95 crore shares) to Rs. 108.81 crore (21.76 crore shares) following this allotment.
This is a non-promoter fund increasing its stake via preferential warrant conversion rather than open-market purchase, so it has limited direct impact on share price. However, it signals institutional confidence in the company and brings the fund closer to the 10% disclosure threshold, which could attract further regulatory attention if holdings grow.