The Exchange has received the revised disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Yatin Sanjay Gupte & PACs
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Awaiting price reaction for this filing.
Promoter Yatin Sanjay Gupte has filed a revised disclosure for acquiring 1,70,00,000 equity shares (6.52% of the company) through an off-market transaction on 19th May 2025. His individual stake rose from 18.72% to 25.24%, and with PAC Wardwizard Solutions India Pvt Ltd (1.24%), the promoter group's combined holding stands at 26.48%. The acquisition relates to a disputed financial arrangement with Tick'N'Trade Investments Pvt Ltd, where the promoter originally sought to pledge shares for a Rs 25 crore loan but was instead forced to transfer shares outright as a precondition — the funds were never disbursed. The promoter has since cancelled the financing agreement and is pursuing legal/regulatory action. This is a revised filing, suggesting an earlier version reported a different (higher) number of shares.
Promoter stake crossing the 25% threshold is a key SAST trigger and may attract open-offer obligations if exemptions don't apply. While promoter share consolidation is generally viewed positively, the messy dispute with the financier and unresolved status of the transferred shares create uncertainty for retail investors.