Mauritius-based Kuber Udyog Limited has received a substantial acquisition disclosure from Altitude Investment Fund PCC-Cell 1, marking a significant investment move in the Indian market. The fund has acquired a 7.61% stake in the company through systematic open market purchases conducted over a two-week period in April 2026.

Acquisition Details

Altitude Investment Fund PCC-Cell 1, based in Bagatelle, Moka, Republic of Mauritius, acquired 2,61,085 equity shares representing 7.61% of Kuber Udyog Limited's total share capital. The acquisition was conducted entirely through open market purchases, with the fund having no prior shareholding in the company.

Transaction Timeline

The acquisition was executed through multiple transactions between April 13-28, 2026, demonstrating a systematic approach to building the stake. The fund's purchase pattern shows varying daily volumes, with the most significant acquisition occurring on the final day.

Company Structure

Kuber Udyog Limited maintains an equity share capital of ₹3,43,30,000 divided into 34,33,000 equity shares of ₹10 each. The company's shares are listed on BSE Limited, and the total share capital structure remained unchanged following this acquisition.

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated April 29, 2026. Altitude Investment Fund PCC-Cell 1 confirmed it does not belong to the promoter or promoter group of Kuber Udyog Limited. The acquired equity shares rank pari passu with existing equity shares in all respects, including dividend rights.

Investment Implications

The acquisition represents a clean entry by the Mauritius-based fund into Kuber Udyog Limited, with no encumbrances, voting rights beyond equity shares, or convertible instruments involved. The systematic nature of the purchases over multiple trading sessions suggests a strategic investment approach rather than opportunistic buying.

Kuber Udyog Limited has filed its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The Mumbai-based company submitted the mandatory documentation to BSE Limited on April 08, 2026, fulfilling its regulatory obligations under the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Certificate

The certificate was issued by Satellite Corporate Services Pvt. Ltd., which serves as the company's Registrar & Share Transfer Agent (RTA). Under Regulation 74(5), companies are required to submit quarterly confirmations regarding the dematerialization of physical share certificates.

Certificate Confirmation Details

Satellite Corporate Services Pvt. Ltd. confirmed that no physical share certificates were received for dematerialization during the quarter ended March 31, 2026. The RTA's certificate specifically states that "no physical certificates are received for demat during the quarter ended 31st March 2026."

The standard certification process includes verification that:

• Securities comprised in certificates have been listed on stock exchanges
• Certificates are mutilated and cancelled after due verification
• The depository name is substituted as the registered owner in company records

Company Information

Kuber Udyog Limited operates from Office Number 156, 1st Floor, Raghuleela Mega Mall, Kandivali West, Mumbai. The company's Managing Director, Chetan Shinde (DIN: 06996605), signed the submission letter to BSE Limited. The certificate submission demonstrates the company's adherence to SEBI's regulatory framework for depositories and participants, ensuring transparency in share dematerialization processes.