Promoters of Eleganz Interiors Limited have declared that they hold 1,56,45,380 equity shares as on March 31, 2026, confirming that no shares were encumbered directly or indirectly during the financial year ended March 31, 2026. The disclosure was submitted to the National Stock Exchange of India Limited pursuant to Regulation 31 (4) & (5) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration was made on behalf of the Promoters, Members of the Promoter group, and Persons Acting in Concert (PAC). The filing provides a detailed breakdown of the shareholding among the promoter group members, highlighting the concentration of ownership within the key promoters.

Sameer Akshay Pakvasa, Managing Director and Promoter, holds the majority of the shares with 1,56,45,379 equity shares. Sonal Akshay Pakvasa holds 1 equity share, while other named individuals and entities within the promoter group, including Akshay Babubhai Pakvasa, Aneesha Shodhan, and various LLPs, hold zero shares as of the specified date.

The list of entities with zero shareholding includes Scavengers Welfare Foundation, Naos Spa & Wellness Private Limited, Krsnaco Build works LLP, Eleganz Realty LLP, and Eleganz Interio LLP. The document notes that Eleganz Interio LLP was struck off as on April 22, 2025.

The total promoter and PAC holding stands at 1,56,45,380 equity shares. The confirmation of no encumbrance on these shares indicates that the promoters have not pledged their holdings during the financial year, which is a key compliance requirement under the takeover regulations.

Shareholding Details

*LLP strike-off as on April 22, 2025

Eleganz Interiors Limited has received the 25% upfront consideration for the preferential allotment of 8,00,000 fully convertible warrants to its promoter. The statutory auditor confirmed the receipt of ₹1.66 crore, verifying that the funds were received from the allottee's bank account without any circulation of funds or mere passing of book entries. The warrants, issued at a price of ₹83 each including a premium of ₹73, are convertible into fully paid-up equity shares with a face value of ₹10.

The preferential issue was approved by the Board of Directors at a meeting held on June 2, 2026. Jayesh Sanghrajka & Co LLP, the statutory auditor, provided a limited assurance certificate confirming compliance with Regulation 169(5) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The auditor verified the bank statement dated May 29, 2026, to trace the receipt of funds against the allotment.

The entire tranche of 8,00,000 warrants was allotted to Sameer Akshay Pakvasa, the Managing Director and CEO of Eleganz Interiors Limited. The company confirmed that the consideration was received from the bank account of the person whose name appears first in the application, adhering to regulatory requirements. The accompanying statement of funds was initialled by the auditor for identification purposes.

Breakdown of Warrant Allotment

The certificate issued by the auditor is intended solely for submission to the National Stock Exchange of India Ltd. in connection with the preferential issue. The management of Eleganz Interiors Limited is responsible for the preparation of the statement and the maintenance of all relevant accounting records and internal controls.