Archana Coal Private Limited has officially disclosed the disposal of a substantial stake in Available Finance Limited through regulatory filings under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction represents a significant restructuring within the promoter group entities.

Transaction Details and Financial Impact

The disposal involved substantial financial consideration and resulted in meaningful changes to the shareholding structure of Available Finance Limited:

Shareholding Pattern Changes

The transaction has resulted in a significant reduction in Archana Coal Private Limited's holding in Available Finance Limited, impacting the overall promoter group structure:

Corporate Structure and Regulatory Compliance

The disposal was executed through inter-se transfer amongst promoter and promoter group entities and open market transactions through bulk deals. Available Finance Limited maintains its total equity share capital of 1,02,03,700 equity shares of ₹10 each, aggregating ₹10,20,37,000.

Director Neha Agrawal (DIN: 08861363) signed the regulatory disclosure on behalf of Archana Coal Private Limited, ensuring compliance with Regulation 29(2) of SEBI SAST Regulations. The company has fulfilled all mandatory disclosure requirements and submitted necessary documentation to BSE Limited and Available Finance Limited on March 26, 2026.

Market and Operational Context

The transaction maintains Available Finance Limited's listing status on BSE Limited under scrip code 531310. The disposal represents a strategic realignment within the promoter group structure while ensuring continued regulatory compliance and transparent disclosure to all stakeholders.

Available Finance has received formal intimation from promoter group member Tapan Agarwal regarding a proposed acquisition of equity shares under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The transaction involves the purchase of 8,16,296 equity shares representing 8.00% of the company's total equity share capital.

Formal Regulatory Filing

The company has forwarded the intimation received under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011 to BSE Limited through its Company Secretary Suyash Choudhary. The formal communication was submitted on March 17, 2026, with reference number AFL/BSE/2025-26.

Transaction Structure

The proposed acquisition involves a transfer of shares between entities within the promoter group structure. Key parameters of the transaction are outlined below:

Regulatory Compliance and Exemptions

The transaction qualifies for exemption from open offer requirements under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011. This exemption applies specifically to inter-se transfers between promoters and promoter group members, eliminating the need for a mandatory open offer to minority shareholders.

Tapan Agarwal has declared compliance with all conditions specified under the relevant SEBI regulations and confirmed that both transferor and transferee have adhered to applicable disclosure requirements under Chapter V of the Takeover Regulations.

Pricing Framework

The acquisition price structure follows SEBI's prescribed methodology for frequently traded shares:

The acquirer has committed that the acquisition price will not exceed 25% above the volume weighted average market price of Rs. 146.564 per share, calculated over 60 trading days preceding the notice date.

Shareholding Pattern Changes

The transaction will result in significant changes to the shareholding pattern within the promoter group:

Post-transaction, Tapan Agarwal's combined holding with persons acting in concert will increase from 7.611% to 15.611%, while Archana Coal Private Limited's stake will decrease from 57.224% to 49.224%.

Corporate Background

Tapan Agarwal serves as President Corporate and COO of S.A & Iron Ore Division at Agarwal Coal Corporation Private Limited, and holds CEO positions at Emerald Developers, Agarwal Real City Private Limited, and Agarwal Real Infra LLP. The acquirer operates from the registered office at Agarwal House, 5 Yeshwant Colony Indore 452003 MP, and has confirmed no prior disclosures under SAST regulations during the previous three years.