The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Aevas Business Solutions Pvt Ltd
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Aevas Business Solutions Pvt Ltd, part of the promoter group of Wardwizard Innovations & Mobility, filed a SEBI Reg 29(2) disclosure. No shares were actually bought or sold by the promoter. The promoter's absolute holding remained unchanged at 2,14,00,000 shares. However, the company's share capital increased from Rs. 26.07 crore (26,06,93,900 shares) to Rs. 30.08 crore (30,08,17,446 shares) due to allotment of fully paid equity shares to public shareholders under a rights issue on 13 November 2025. As a result, the promoter's stake percentage dropped passively from 8.21% to 7.11%, a decline of about 1.10% purely from dilution.
This is a technical disclosure triggered by capital dilution, not an actual stake sale. Shareholders should note the promoter's effective holding has reduced below the 8% mark, but no promoter shares were offloaded and cash position of the company improved via the rights issue.