Craft Emerging Market Fund PCC has acquired a 6.42% stake in Pashupati Cotspin Limited by purchasing 10,132,543 equity shares via open market transactions. The acquisition, executed on January 29, 2025, marks a significant entry for the Mauritius-based fund into the textile firm's shareholding structure. The transaction was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following a correction to an earlier filing that lacked specific date details.

The acquisition was carried out by Craft Emerging Market Fund PCC – Citadel Capital Fund and Craft Emerging Market Fund PCC – Elite Capital Fund, which are acting in concert. These entities are not part of the promoter group of Pashupati Cotspin Limited. The shares were purchased in the open market, resulting in a total holding of 10,132,543 shares carrying voting rights. Prior to this transaction, the acquirers held nil shares in the company.

The total equity share capital and voting capital of Pashupati Cotspin Limited stands at 157,840,000 shares. The acquired block represents exactly 6.42% of both the total share/voting capital and the total diluted share/voting capital. There are no encumbrances, pledges, or liens associated with these newly acquired shares, nor are there any warrants or convertible securities involved in this specific acquisition.

The revised disclosure was submitted to the Bombay Stock Exchange (BSE) on July 24, 2026. Ashwanee Ramsurrun, authorized signatory for Craft Emerging Market Fund PCC, signed the document from Mauritius. The filing explicitly references a previous SAST disclosure filed on June 5, 2026, noting that the current submission corrects the omission of the specific acquisition date in the earlier notice. This ensures regulatory compliance regarding the transparency of substantial share acquisitions in listed entities.

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.