Fivex Capital VCC has increased its shareholding in Shoora Designs Ltd to 8.30% following an open market acquisition. The acquirer purchased 3,500 shares on June 4, 2026, as disclosed to BSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction details the change in the acquirer's voting rights within the target company.

Prior to this acquisition, Fivex Capital VCC held 3,80,500 shares, representing 8.22% of the total share capital. The recent purchase of 3,500 shares, accounting for 0.08% of the capital, has raised the total holding to 3,84,000 shares. Consequently, the post-acquisition stake stands at 8.30% of the total voting capital of Shoora Designs Ltd.

The equity share capital of Shoora Designs Ltd remained unchanged at 46,23,662 shares before and after the transaction. Fivex Capital VCC, identified as the acquirer, clarified that it does not belong to the promoter or promoter group of the target company. The shares of Shoora Designs Ltd are listed on BSE.

The disclosure confirms that the total diluted share and voting capital of the target company is not applicable in this context. The acquisition was executed solely through the open market route. Fivex Capital VCC submitted the necessary documents to the stock exchange to comply with regulatory requirements.

Shareholding Details

Shoora Designs Limited has confirmed that the disclosure requirements for Related Party Transactions under Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, are not applicable to the company. The exemption is effective as the company is listed on the SME platform of BSE Limited and its financial metrics remain below the regulatory thresholds.

In a filing to the exchange on May 26, 2026, the company stated that compliance with specific corporate governance provisions, including Regulations 17 to 27 and certain clauses of Regulation 46, does not apply to entities listed on the SME Exchange. Furthermore, the paid-up equity share capital and net worth of the company do not exceed the limits prescribed under Regulation 15(2)(b) of the SEBI regulations.

Consequently, the provisions relating to Related Party Transactions under Regulation 23 are not applicable to Shoora Designs Limited. The company emphasized that it will continue to adhere to all other applicable listing compliance requirements.

The declaration was submitted by Priti Mohata, Company Secretary & Compliance Officer of Shoora Designs Limited. The communication was addressed to the Department of Corporate Services at BSE Limited.

Regulatory Exemptions for SME Entities

The following provisions are not applicable to the company due to its SME listing status: