Dewan Motors Investment & Finance Ltd has disclosed the disposal of equity shares in alstone textiles (India) Limited through market sales conducted between October 2025 and April 2026. The disclosure was submitted under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and intimated to BSE Limited on April 23, 2026. Alstone Textiles subsequently informed the stock exchange of this disclosure on April 24, 2026.

Shareholding Details

Prior to the disposal, Dewan Motors Investment & Finance Ltd held 381,850,000 equity shares carrying voting rights, representing 6.08% of the total share capital. The entity confirmed that it does not belong to the promoter or promoter group of the target company. Following the market sales, the shareholding has been reduced to 220,959,142 equity shares, which constitutes 3.52% of the total voting capital.

Disposal Transaction Summary

The disposal involved the sale of 160,890,858 equity shares through on-market transactions across multiple dates. The shares were sold in tranches between October 10, 2025, and April 22, 2026, with individual sale quantities ranging from 2,491,000 shares to 38,100,000 shares. The mode of transaction was specified as On Market Sale throughout the disclosure period.

Transaction Breakdown

Company Capital Structure

The equity share capital of Alstone Textiles (India) Limited remained unchanged at 6,274,800,000 equity shares of Rs. 1/- each, both before and after the disposal transaction. The total diluted share/voting capital also stands at 6,274,800,000 equity shares. The shares of the company are listed on the Bombay Stock Exchange. The disclosure was signed by Virendra J., Director and Authorized Signatory of Dewan Motors Investment & Finance Ltd, and the intimation to BSE was signed by Deepak Kumar Bhojak, Managing Director of Alstone Textiles (India) Limited.

Shareholding Position

Alstone Textiles (India) Limited has received a regulatory disclosure from Twinkle Mercantiles and Credits Private Limited regarding the disposal of equity shares under SEBI (Substantial Acquisition of Shares and Takeovers) Regulation 29(1). The disclosure, dated 04/04/2026, details a significant reduction in Twinkle Mercantiles' shareholding in the textile company.

Share Disposal Details

Twinkle Mercantiles and Credits Private Limited disposed of 166919297 equity shares in Alstone Textiles, representing 2.66% of the total share capital. The disposal was executed through on-market sales over a period spanning from October 2025 to April 2026.

Transaction Timeline

The share disposal was conducted across multiple trading sessions, with varying quantities sold on different dates:

Regulatory Compliance

The disclosure confirms that Twinkle Mercantiles and Credits Private Limited does not belong to the promoter or promoter group of Alstone Textiles. The company's shares are listed on the Bombay Stock Exchange, and the total equity share capital remains unchanged at 6274800000 shares of ₹1 each.

Company Information

Alstone Textiles (India) Limited, incorporated in 1985, operates from its registered office in New Rajinder Nagar, New Delhi. The company is engaged in textile manufacturing and trading activities. Twinkle Mercantiles and Credits Private Limited, established in 1995, is based in Vishwas Nagar, Shahdra, Delhi.

The disclosure was signed by Pankaj Saxena, Director of Twinkle Mercantiles, and submitted to both BSE Limited and Alstone Textiles' management for regulatory compliance and record-keeping purposes.