Craft Emerging Market Fund PCC has acquired a 5.32% stake in Jay Ambe Supermarkets Limited through open market purchases. The acquisition was executed in September 2025, involving the purchase of 472,000 equity shares carrying voting rights. The acquirer, comprising Craft Emerging Market Fund PCC - Citadel Capital Fund and Craft Emerging Market Fund PCC - Elite Capital Fund, does not belong to the promoter or promoter group of the target company.

The disclosure was filed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, the acquirer held no shares or voting rights in the company. Following the acquisition, the total holding of the acquirer along with Persons Acting in Concert (PACs) stands at 472,000 shares, which constitutes 5.32% of the total share capital and 5.32% of the total diluted share capital.

Acquisition Details

The transaction details indicate that the equity share capital and total voting capital of Jay Ambe Supermarkets Limited remained at 8,879,954 shares both before and after the acquisition. The total diluted share capital post-acquisition also remains unchanged at 8,879,954 shares. No warrants or convertible securities were acquired as part of this transaction.

Jay Ambe Supermarkets has entered into a registered lease arrangement for commercial premises in Bayad, District Arvalli, Gujarat, to establish a new supermarket under the brand name City Square Mart. The company executed the lease deed on June 3, 2026, securing Unit Nos. 1-8 and 51-58 on the Ground Floor of Block "A" in Shreeji Madhuram Complex. The leased area measures approximately 4,000 sq ft. This move forms part of the company's ongoing business expansion and retail growth strategy aimed at increasing its geographical presence and revenue base in the Gujarat region.

The leasing arrangement was executed with four independent individual property owners: Pinakinbhai Ramanbhai Patel, Manishbhai Jagdishbhai Patel, Ushaben Chandreshbhai Patel, and Rajubhai Manoharbhai Rajput. The counterparties are natural persons and do not hold any shares in Jay Ambe Supermarkets Limited. The company confirmed that none of the lessors are related to the promoter, promoter group, or any group companies. Consequently, the transaction does not constitute a Related Party Transaction under Section 2(76) of the Companies Act, 2013 or Regulation 2(1)(zb) of the SEBI (LODR) Regulations, 2015.

The terms of the agreement were negotiated on an arm's length and commercial basis. The execution of the lease deed is a purely commercial and operational arrangement intended to expand the company's retail business. Jay Ambe Supermarkets stated that this agreement does not affect, alter, or restrict its management, governance, or control structure. No specific restrictions or liabilities were imposed upon the listed entity as a result of this transaction.

Key Details of the Lease Arrangement