Arco Leasing Limited disclosed that Atul Ramshankar Jaiswal acquired 3,974,680 equity shares, representing 36.63% of the voting capital, through a preferential allotment.

The acquisition was formalized under a Share Subscription Agreement dated March 13, 2026. The open offer associated with this transaction was successfully completed on August 6, 2026, with the allotment intimation received on August 13, 2026.

Acquisition Details

Jaiswal, identified as the proposed promoter of the target company, filed the disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the Bombay Stock Exchange on September 17, 2026.

Prior to this transaction, Jaiswal held 150 equity shares, constituting 0.13% of the company’s voting capital. These initial shares were acquired through the aforementioned open offer. There were no encumbrances, pledges, or convertible securities held by the acquirer before or after the transaction.

The total equity share capital of Arco Leasing increased from 240,070 shares to 10,853,570 shares following the allotment. The diluted share capital remains identical to the post-acquisition equity capital, indicating no outstanding convertible instruments.

What the Numbers Show

The transaction represents a complete shift in ownership structure. With a pre-acquisition holding of merely 0.13%, Jaiswal’s entry as the proposed promoter via a single preferential allotment block establishes a dominant controlling stake immediately. The absence of any pledged shares or other encumbrances suggests the new promoter holds unencumbered voting rights.

The filing confirms that Jaiswal belongs to the proposed promoter group of the target company. No other persons acting in concert were disclosed in the filing.

Atul Ramshankar Jaiswal has acquired 64,620 equity shares of Arco Leasing Limited through an off-market share purchase agreement. The transaction increases his total stake in the company to 37.22% of the voting capital.

The acquisition was executed pursuant to a share purchase agreement dated March 13, 2026. Jaiswal, identified as the proposed promoter, completed the open offer associated with the deal on August 6, 2026. The intimation regarding this substantial acquisition was filed with the Bombay Stock Exchange on September 17, 2026.

Shareholding Pattern Changes

The disclosure filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the shift in Jaiswal’s holding. Prior to this specific transaction, he held 39,74,830 shares, representing 36.62% of the total diluted share capital.

The additional 64,620 shares acquired in this instance account for a 0.60% increase in his stake. The total equity share capital of Arco Leasing Limited remains unchanged at 10,853,570 equity shares following the transaction.

Transaction Details

The filing confirms that none of the shares held by Jaiswal are encumbered. There were no warrants, convertible securities, or other instruments entitling him to receive shares carrying voting rights involved in this specific acquisition block. The pre-existing holding included shares acquired through a preferential allotment and 150 shares obtained via the open offer process earlier in the year.