CapitalSquare Financial Services Pvt Ltd increased its stake in Anubhav Plast to 17.69% after acquiring 232,000 equity shares through open market operations. The acquisition brings the firm’s total holding to 1,945,600 shares as of August 20, 2026.

The disclosure was filed with the Bombay Stock Exchange on August 21, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. CapitalSquare is not part of the promoter group of Anubhav Plast Ltd.

Acquisition Details

CapitalSquare purchased the additional shares in the open market. The target company’s total voting capital remains unchanged at ₹11 crore, divided into 11,000,000 equity shares of ₹10 each. There are no encumbrances, pledges, or convertible securities associated with CapitalSquare’s holding.

What the Numbers Show

The increase in stake from 15.58% to 17.69% represents a significant accumulation by a non-promoter entity. With no other instruments such as warrants or convertibles involved, the entire voting power increase stems directly from the equity share purchase. This moves CapitalSquare closer to the 20% threshold that often triggers further disclosure obligations or strategic interest signals in Indian listed entities.

Anubhav Plast reported a 14.7% increase in net profit to ₹694.44 lakh for the financial year ended March 31, 2026, driven by higher revenue from operations. The company's revenue rose to ₹10,924.24 lakh in FY26 from ₹9,816.74 lakh in the previous year, while total revenue stood at ₹10,948.20 lakh. The Board of Directors approved the audited standalone financial results on July 20, 2026, and took on record the Statutory Auditors' report with an unmodified opinion.

Profit before tax for the year increased to ₹965.30 lakh from ₹834.36 lakh in FY25. The company reported a basic and diluted earnings per equity share of ₹8.68, compared to ₹7.57 in the prior year. Total expenses for FY26 amounted to ₹9,982.89 lakh, up from ₹8,996.71 lakh in the previous year, primarily due to higher costs of materials consumed and other expenses.

The balance sheet as of March 31, 2026, showed total assets of ₹7,476.15 lakh, an increase from ₹5,553.76 lakh in the previous year. Shareholders' funds grew to ₹2,252.78 lakh, driven by an increase in reserves and surplus to ₹1,452.78 lakh. Current assets rose significantly to ₹6,586.49 lakh, with inventories accounting for ₹5,484.75 lakh.

Cash and cash equivalents improved to ₹254.31 lakh as of March 31, 2026, from ₹116.77 lakh a year ago. The cash flow statement indicated a net cash outflow from operating activities of ₹161.92 lakh, while investing activities generated a net inflow of ₹9.58 lakh. Financing activities resulted in a net cash inflow of ₹289.89 lakh, largely due to movements in working capital limits.

Govind P Gupta & Co, Chartered Accountants, issued the Independent Auditors' Report confirming that the financial results present a true and fair view. The auditors noted that the management calculated the gratuity liability at current cost without discounting to present value, though this did not modify their opinion. The company's securities were listed on June 29, 2026, and Regulation 32 of the SEBI Listing Regulations was not applicable as no funds were raised through the public issue as of March 31, 2026.

Financial Performance for FY26