Acquisitions1 April 2026 at 10:50 am
Jitendra Sanghavi Acquires Shares in KS Smart Technologies Ltd with No Actual Share Acquisition
AI Summary
The Exchange has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Jitendra Sanghavi. The disclosure pertains to Jitendra Sanghavi, Bhavi Jitendra Sanghavi, and Brijesh Jitendra Parekh's acquisition in KS Smart Technologies Ltd. However, there has been no acquisition or sale of shares. The change in shareholding and voting percentage is solely due to dilution arising from an increase in the paid-up capital of the company.
Key Highlights
- Jitendra Sanghavi, Bhavi Jitendra Sanghavi, and Brijesh Jitendra Parekh disclose their acquisition in KS Smart Technologies Ltd under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
- There has been no acquisition or sale of shares; the change in shareholding and voting percentage is due to dilution from increased paid-up capital.
- KS Smart Technologies Ltd's equity shares capital increases from Rs. 115,47,56,100/- to Rs. 164,07,00,000/-.
- Total voting capital of the TC after the said acquisition is Rs. 164,07,00,000/- divided into 16,40,70,000 Equity Shares of Rs. 10/- each.
- The disclosure is signed by Jitendra Rasiklal Sanghavi on 1st April 2026.