The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Tirth Ghanshyam Patel & PACs
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Tirth Ghanshyam Patel, a promoter of Yogi Limited along with persons acting in concert (Ghanshyambhai Nanjibhai Patel and Pareshbhai Nanjibhai Patel), has converted 22,00,000 convertible warrants into equity shares of Rs. 10 face value at a Rs. 22 premium per share. This was done via preferential allotment on 7th April 2025. As a result, the promoter's direct shareholding rose from 21,66,081 shares (5.29%) to 43,66,081 shares (10.11% of voting capital). Remaining convertible warrants stand at 18,40,000. The company's share capital expanded from Rs. 40.96 crore to Rs. 43.16 crore following this allotment. The disclosure was filed under Regulation 29(1) of SEBI Takeover Regulations, likely triggered by crossing the 10% voting rights threshold.
This is a promoter stake increase via warrant conversion rather than open-market buying, signalling confidence in the company. Shareholders should note potential dilution from the remaining 18.40 lakh warrants still outstanding, and the promoter's voting rights have crossed the 10% regulatory threshold which may attract further disclosure obligations.