Craft Emerging Market Fund PCC has acquired a 6.42% stake in Pashupati Cotspin Limited through an open market transaction. The acquisition, involving 10,132,543 shares, was completed in February 2025. The acquirer, comprising the Citadel Capital Fund and 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 Pashupati Cotspin Limited. The total voting capital of the company stands at 157,840,000 shares.

Acquisition Details

The following table outlines the specifics of the share acquisition:

The shares were acquired by two entities acting in concert: Craft Emerging Market Fund PCC - Citadel Capital Fund and Craft Emerging Market Fund PCC - Elite Capital Fund. The total equity share capital of Pashupati Cotspin Limited remains unchanged at 157,840,000 shares post-acquisition. The diluted share capital also remains at 157,840,000 shares.

Pashupati Cotspin Limited has confirmed that its promoters and persons acting in concert (PAC) did not pledge or encumber any shares during the financial year ended March 31, 2026. The disclosure, submitted to BSE Limited and National Stock Exchange of India Limited, assures stakeholders that no new charges were created on the promoter group's holdings beyond those previously disclosed.

The declaration was made by Saurin Jagdish Bhai Parikh on behalf of the promoters, promoter group, and PAC in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing stated that members have not made any encumbrance, directly or indirectly, during FY26. Additionally, the promoters requested the company to place this disclosure before the ensuing Audit Committee meeting in accordance with Regulation 31(5) of the SEBI SAST Regulations.

The filing included an annexure detailing the shareholding of the promoter and promoter group as of March 31, 2026. The data outlines the individual share counts and percentage holdings of key entities.

Promoter and Promoter Group Holdings

The following table summarizes the shareholding of the promoter and promoter group as of March 31, 2026:

The list also includes numerous other members of the promoter group, such as Jagdishbhai Aravindbhai Parikh, Hetal Saurinbhai Parikh, and various entities like Pashupati Healthcare Foundation and Uniza Lifecare Private Limited, all of whom reported NIL shareholding as of the specified date.