DPP Enterprises LLP, a promoter entity of Siyaram Silk Mills Limited, has disclosed the acquisition of 3,15,000 equity shares of the company under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was completed on March 23, 2026, through open market purchase.

Acquisition Details

The transaction significantly increased DPP Enterprises' stake in Siyaram Silk Mills Limited. The acquisition represents 0.69% of the company's total share capital and voting rights.

Shareholding Pattern Changes

The acquisition resulted in a substantial change in DPP Enterprises' shareholding pattern in Siyaram Silk Mills Limited. Prior to this transaction, the entity held 130408 shares representing 0.29% of the total voting capital.

Company Information

Siyaram Silk Mills Limited is listed on both BSE Limited and National Stock Exchange of India Ltd. The company's equity share capital stands at Rs. 9,07,40,176 divided into 4,53,70,088 equity shares of Rs. 2 each. The total diluted share capital remains unchanged following this acquisition.

Regulatory Compliance

DPP Enterprises LLP filed the mandatory disclosure on March 24, 2026, with both stock exchanges where Siyaram Silk Mills shares are traded. The disclosure was signed by Pawan D. Poddar, Partner of DPP Enterprises LLP, from the company's registered office in Mumbai. As a promoter entity, DPP Enterprises is required to disclose such acquisitions under SEBI regulations to ensure transparency in shareholding changes.

Siyaram Silk Mills Limited has issued a regulatory disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stakeholders about the upcoming hearing for its Company Scheme Petition before the National Company Law Tribunal (NCLT).

NCLT Hearing Details

The Siyaram Silk Mills Limited Company Scheme Petition under Section 230 and other applicable provisions of the Companies Act, 2013, has been scheduled for final hearing on April 16, 2026 at 10:30 a.m. before the Hon'ble NCLT Mumbai Bench. The petition seeks sanction for the proposed Scheme of Arrangement between the company and its shareholders.

Regulatory Compliance and Publication

Pursuant to Regulation 30 of SEBI regulations, the company published newspaper advertisements on March 20, 2026, following directions from the NCLT Mumbai Bench dated March 09, 2026. The advertisements appeared in:

• Business Standard - All Editions in English
• Navshakti - Mumbai Edition in Marathi

The publication serves to notify all stakeholders about the hearing and provides an opportunity for any person supporting or opposing the scheme to present their case before the tribunal.

Legal Representation and Process

The company is represented by Mr. Raj Panchmatia, Partner at M/s. Khaitan & Co., who serves as the Petitioner Company's Advocate. Any person wishing to support or oppose the Company Scheme Petition must send written notice to the company's legal representatives at least two days before the hearing date.

Company Information

Siyaram Silk Mills Limited, incorporated under the Companies Act, 1956, holds Corporate Identity Number CIN: L17116MH1978PLC020451. The company's registered office is located at H-3/2, MIDC, 'A' Road, Tarapur, Borivali, Palghar - 401506, Maharashtra, India.

The scheme of arrangement represents a significant corporate restructuring initiative that requires judicial approval from the NCLT. The hearing will determine whether the proposed arrangement serves the interests of the company and its shareholders in accordance with applicable legal provisions.