Promoter Reclassification22 Sept 2026, 05:50 pm
Ponni Sugars: Time Square Investments acquires DIPL & UILCPL stakes
AI Summary
Time Square Investments Private Limited (TSIPL), a promoter of Ponni Sugars (Erode) Ltd, has acquired over 20% equity shares in Dhanashree Investments Private Limited (DIPL) and Ultra Investments and Leasing Company Private Limited (UILCPL). DIPL holds 9831 shares and UILCPL holds 1675 shares of Ponni Sugars. As a result of TSIPL's acquisition, DIPL and UILCPL will now be included as part of Ponni Sugars' Promoter Group in the shareholding pattern for the quarter ending September 30, 2026, as per SEBI Regulations.
Key Highlights
- TSIPL acquired >20% stakes in DIPL and UILCPL.
- DIPL and UILCPL are now part of Promoter Group.
- DIPL holds 9831 shares of Ponni Sugars.
- UILCPL holds 1675 shares of Ponni Sugars.
- Change effective for Q3 FY27 shareholding pattern.
Price Impact
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