The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Siyani & Other
WINDMACHIN · price
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Windsor Machines promoter Ramesh Keshubhai Siyani has acquired 26,06,203 equity shares (2.99% of the voting capital) through the conversion of warrants into equity shares. Listed trading approval was received on December 26, 2025. After this conversion, the promoter's individual holding rose from 2.99% to 5.99%, while the combined promoter group holding (along with PAC Plutus Investments and Holding Pvt Ltd) moved up from 43.18% to 46.18%. The company's total equity share count has expanded from 8.44 crore to 8.71 crore shares following this allotment. Warrants were originally issued in January 2025 at ₹191.85 each on a preferential basis.
This is a positive signal for shareholders as it shows the promoter is putting more skin in the game by converting warrants into actual equity, signalling confidence. The promoter group is now within striking distance of the 50% mark, which could attract SEBI takeover trigger thresholds if they cross it, but is still comfortably below.