Swaraj Suiting Ltd

Divine Suiting Pvt Ltd and others have filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, concerning Sakina Textile Private Limited. The filing details changes in shareholding percentages for various entities and individuals, including Mohammed Sabir Khan, Samar Khan, Nasir Khan, Jamuna Synthetics Private Limited, Divine Suiting Private Limited, Gomoto Textiles Private Limited, and Sakina Textile Private Limited. The disclosure outlines holdings before and after an acquisition/sale event, indicating shifts in voting rights and share percentages. The acquirer/seller group belongs to the Promoter/Promoter group of the target company, Sakina Textile Private Limited, which is listed on the National Stock Exchange of India Limited. The total diluted share capital of the target company before the transaction was INR 31,61,51,600, and after the transaction, it is INR 26,41,82,600.

Swaraj Suiting Limited has submitted a Qualified Monitoring Agency Report for the quarter ended June 30, 2026, issued by CRISIL Ratings Limited. The report indicates deviations in the utilization of proceeds from a preferential issue of equity shares and convertible warrants. Specifically, ₹3.23 crore was utilized in excess for Working Capital under the Equity category, and ₹4.80 crore was over-utilized for Working Capital under the Warrant category. These excesses led to a corresponding shortfall in funds allocated for Capital Expenditure. The company did not provide supporting approvals for these excess utilizations.