Vikram Kamats Hospitality Promoter Dr. Vikram V. Kamat & PACs Increase Direct Shareholding by 1,44,000 Shares via Preferential Allotment, Boosting Voting Rights to 8.15%
Vikram Kamats Hospitality Ltd. announced that its promoter, Dr. Vikram V. Kamat, along with Persons Acting in Concert (PACs), has increased their direct equity shareholding in the company. This disclosure, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, details the acquisition of 1,44,000 equity shares through a preferential allotment on April 8, 2026. Prior to this transaction, the promoter group held 12,76,541 shares, representing 7.38% of the voting capital, and 2,64,000 warrants. Following the conversion of 1,44,000 warrants into equity shares via the preferential allotment, their direct shareholding increased to 14,20,541 shares, raising their voting rights to 8.15%. While the direct voting rights percentage increased, the total diluted shareholding of the promoter group, including both shares and remaining warrants, remained constant at 8.45% (15,40,541 units). The company's total equity share capital consequently expanded from 1,72,89,865 shares to 1,74,33,865 shares.
Key Highlights
- Dr. Vikram V. Kamat and PACs, part of the promoter group of Vikram Kamats Hospitality Ltd., increased their direct equity stake by acquiring 1,44,000 shares.
- The acquisition was executed on April 8, 2026, through a preferential allotment, converting existing warrants into equity shares.
- This transaction boosted the promoter group's voting rights from 7.38% to 8.15% in the company.
- Despite the increase in direct shareholding, the promoter group's total diluted shareholding percentage remained unchanged at 8.45%, as the acquisition involved warrant conversion.
- The company's total equity share capital increased from 1,72,89,865 shares to 1,74,33,865 shares due to the preferential allotment.
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