Ponni Sugars (Erode) Ltd saw a complete exit by institutional investor ACIF-1, which disposed of its entire 5.81% equity holding through open market sales between October 5 and October 13, 2026.

The acquirer, identified as Atyant Capital India Fund I, sold 5,00,000 shares carrying voting rights. Prior to this transaction, the entity held the same number of shares, representing 5.8150% of the company's total share capital. Following the disposal, the holding dropped to nil.

Transaction Details

The sale was executed via the open market route on both the National Stock Exchange and Bombay Stock Exchange. The disclosure confirms that the shares were free from encumbrances such as pledges or liens prior to the sale. The total equity share capital of the target company remained unchanged at ₹8,59,84,180 before and after the transaction.

Daily Disposal Schedule

The disposal occurred over five trading days within the specified window. The breakdown of shares sold is as follows:

• October 5, 2026: 22,200 shares
• October 6, 2026: 32,401 shares
• October 7, 2026: 41,198 shares
• October 12, 2026: 2,78,791 shares
• October 13, 2026: 1,25,410 shares

What the Numbers Show

The data indicates a concentrated exit strategy, with 82.9% of the total stake (4,04,201 out of 5,00,000 shares) being liquidated in just two days: October 12 and October 13. This suggests a rapid unwinding of the position rather than a gradual reduction, potentially driven by specific liquidity needs or portfolio rebalancing decisions by Atyant Capital India Fund I.

Ponni Sugars (Erode) Limited has disclosed that Dhanashree Investments Private Limited (DIPL) and Ultra Investments and Leasing Company Private Limited (UILCPL) will be included in its promoter group for the quarter ending September 30, 2026.

This inclusion follows a letter received on September 22, 2026, from Time Square Investments Private Limited (TSIPL), one of the company's promoters. TSIPL informed the company that it has acquired more than 20% of the equity shares in both DIPL and UILCPL.

Shareholding details

As per the disclosure, DIPL and UILCPL currently hold fully paid-up equity shares in Ponni Sugars. The specific holdings are detailed below:

Regulatory compliance

Under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, entities in which a promoter holds more than 20% equity are classified as part of the promoter group. Consequently, the shareholding pattern submitted for the quarter ending September 30, 2026, will reflect this change.

The disclosure was signed by R Madhusudhan, Company Secretary and Compliance Officer, confirming the receipt of the communication from TSIPL.