Sonaselection India Ltd saw Astorne Capital VCC entities acquire a 6.41% equity stake through a public issue on September 22, 2026.

The acquisition was executed by two vehicles: Astorne Capital VCC – Arven and Astorne Capital VCC – Alpha A2. Prior to this transaction, the acquirers held no shares or voting rights in the company. The total number of shares acquired stands at 3,643,872.

Transaction Details

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers do not belong to the promoter or promoter group of the target company.

Shareholding Structure

The equity share capital of Sonaselection India Ltd remained unchanged at 56,828,681 shares before and after the acquisition. The total diluted share capital also remains at 56,828,681, indicating no outstanding convertible securities were exercised during this period.

The filing was signed by Amul Mahendra Shah, Authorised Signatory for Astorne Capital VCC, on September 28, 2026, in Singapore. The disclosure was submitted to BSE Ltd., National Stock Exchange of India Ltd., and the company’s registered office in Bhilwara, Rajasthan.

Sonaselection India Limited held its 4th Annual General Meeting on September 25, 2026, where shareholders unanimously approved all proposed resolutions. The meeting, conducted at the company's registered office in Bhilwara, Rajasthan, saw the adoption of standalone and consolidated audited financial statements for FY26.

The proceedings were chaired by Subhash Chandra Nuwal, Chairman of the Board. Key board members present included Harshil Nuwal, Managing Director, and Uma Nuwal, Whole Time Director. The meeting commenced at 4:00 pm and concluded at 5:00 pm, with a quorum represented by 49 members holding 37,606,335 shares, accounting for 88.42% of the paid-up equity capital.

Resolutions Passed

Shareholders voted in favor of three ordinary resolutions during the meeting. These included the adoption of financial reports, the reappointment of a director, and the ratification of auditor remuneration.

Strategic Milestones and Outlook

During his address, the Chairman highlighted the company's successful Initial Public Offering (IPO) as a significant milestone. Sonaselection India listed its equity shares on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 24, 2026, just one day prior to the AGM. This listing marks a new phase in the company's growth journey, providing an enhanced platform for future expansion.

The management outlined its focus on operational efficiency, quality, and sustainable growth. The Chairman expressed gratitude to stakeholders for their support in achieving this regulatory and market milestone. The company remains committed to maintaining high standards of corporate governance and transparency.

Attendance Details

The meeting was attended by key statutory and secretarial auditors, ensuring compliance with regulatory requirements. The following table summarizes the attendance breakdown:

The Company Secretary, Harish Sharma, confirmed that the requisite quorum was present throughout the proceedings. Queries raised by shareholder speakers were addressed by the Managing Director, Harshil Nuwal.