The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Pressman Properties Pvt Ltd
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Pressman Properties Private Limited, a non-promoter entity, has acquired 9,10,000 equity shares (7.61%) of Warren Tea Limited through open market purchase on June 20, 2025. Before this acquisition, Pressman Properties held Nil shares in the company, meaning this is a fresh entry crossing the 5% disclosure threshold under SEBI Takeover Regulations. The acquisition was done in a single transaction, taking their total holding to 9,10,000 shares (7.61%) of the company's paid-up equity capital of Rs.11.95 crore (1,19,50,804 shares). The acquirer has confirmed it does not belong to the promoter or promoter group of Warren Tea.
A new non-promoter shareholder has built a 7.61% stake in Warren Tea, which could raise corporate governance questions and potentially attract activist interest. Shareholders should watch for further disclosures if Pressman Properties crosses the 10% trigger threshold under takeover rules.