Swastika Castal Receives Intimation of Fortune Hands Growth Fund's 5.02% Stake Acquisition

2 min read     Updated on 10 Apr 2026, 12:08 PM
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Swastika Castal Limited officially intimated BSE about Fortune Hands Growth Fund Scheme I's substantial acquisition crossing 5% threshold. The fund acquired 10,000 shares through market purchase, increasing its holding from 4,00,000 shares (4.90%) to 4,10,000 shares (5.02%) in the BSE SME-listed aluminium casting company.

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Swastika Castal Limited has received formal intimation from Fortune Hands Growth Fund Scheme I regarding the acquisition of shares exceeding 5% of the company's paid-up share capital. The company disclosed this information to BSE Limited on April 9, 2026, in compliance with SEBI regulations.

Official Company Intimation

The company's intimation to BSE was signed by Mukesh Kumar Khanna, Company Secretary & Compliance Officer, confirming receipt of the substantial acquisition disclosure from Fortune Hands Growth Fund Scheme I. The fund, which is not part of the promoter group, has crossed the 5% threshold through market purchase transactions.

Company Details Information
Scrip Code 544452
CIN U27101WB1996 PLC 079995
Stock Exchange BSE SME
Corporate Office Vadodara, Gujarat

Acquisition Transaction Details

Fortune Hands Growth Fund Scheme I acquired 10,000 shares carrying voting rights through market purchase on March 30, 2026. The acquisition represents 0.12% of the company's total share capital and voting rights.

Parameter Before Acquisition Acquisition After Acquisition
Shares Held 4,00,000 10,000 4,10,000
Percentage Holding 4.90% 0.12% 5.02%
Voting Rights % 4.90% 0.12% 5.02%

Company Capital Structure

Swastika Castal Limited maintains a stable equity structure with consistent share capital before and after the acquisition.

Capital Details Specifications
Total Equity Share Capital 81,64,000 shares
Face Value per Share Rs. 10
Total Voting Capital 81,64,000 shares
Total Diluted Capital 81,64,000 shares

Regulatory Compliance Framework

The acquisition disclosure has been made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal intimation was filed from New Delhi by the authorized signatory of Fortune Hands Growth Fund Scheme I on April 9, 2026.

The fund's holding structure shows no encumbrances, pledges, voting rights through instruments other than equity shares, or convertible securities. The entire shareholding consists of equity shares carrying voting rights, with no warrants or other instruments in the portfolio.

Transaction Impact

The market purchase transaction establishes Fortune Hands Growth Fund Scheme I as a substantial shareholder in the BSE SME-listed company. The fund's total investment now represents 5.02% of both the total share capital and voting capital, adding to the institutional investor base of the aluminium casting company.

Historical Stock Returns for Swastika Castal

1 Day5 Days1 Month6 Months1 Year5 Years
-1.75%-0.61%+9.26%-28.67%-11.70%-11.70%

Will Fortune Hands Growth Fund Scheme I continue accumulating shares and potentially trigger the mandatory open offer threshold of 25%?

How might this institutional investment influence Swastika Castal's strategic decisions and expansion plans in the aluminium casting sector?

Could this acquisition signal broader institutional interest in BSE SME-listed manufacturing companies, particularly in the metals sector?

Swastika Castal Ltd Receives SEBI Compliance Certificate for Q4 FY26 Dematerialisation Activities

1 min read     Updated on 06 Apr 2026, 01:13 PM
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Swastika Castal Ltd received a SEBI compliance certificate from registrar Accurate Securities & Registry Private Limited for the January-March 2026 period. The certificate confirms all dematerialisation activities were processed within stipulated time limits under Regulation 74(5) of SEBI regulations, with proper procedures followed for security verification and holder list updates.

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Swastika Castal Ltd has received a regulatory compliance certificate from its Registrar and Share Transfer Agent, confirming adherence to SEBI dematerialisation regulations during the January-March 2026 period.

Regulatory Compliance Certificate Details

The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. M/s Accurate Securities & Registry Private Limited, serving as the company's Registrar and Share Transfer Agent, provided the compliance certificate dated April 1, 2026.

Parameter: Details
Certificate Period: January 1, 2026 to March 31, 2026
Issuing Authority: Accurate Securities & Registry Private Limited
Certificate Date: April 1, 2026
Regulation Reference: SEBI Regulation 74(5)
Company Secretary: Mukesh Kumar Khanna (M. No. A2437)

Compliance Confirmation

The certificate confirms that all securities received from depository participants for dematerialisation during the specified period were processed within the stipulated time limits as required under SEBI regulations. The processing included either acceptance or rejection on technical grounds, as applicable to each case.

Accurate Securities confirmed that all dematerialised securities have been properly listed on stock exchanges where the company's earlier issued securities are already listed. The registrar also verified that physical securities received for dematerialisation were mutilated and cancelled following proper verification procedures.

Administrative Process

The compliance certificate was formally submitted to the Bombay Stock Exchange Limited by Company Secretary Mukesh Kumar Khanna on April 6, 2026. The submission included the original certificate from Accurate Securities along with a covering letter requesting the exchange to take the compliance confirmation on record.

The certificate demonstrates Swastika Castal's adherence to regulatory requirements for dematerialisation processes and confirms that the company's security holder list was updated with depository names as registered owners within prescribed time limits.

Historical Stock Returns for Swastika Castal

1 Day5 Days1 Month6 Months1 Year5 Years
-1.75%-0.61%+9.26%-28.67%-11.70%-11.70%

Will Swastika Castal's consistent regulatory compliance improve its ESG ratings and attract institutional investors?

How might SEBI's dematerialisation regulations evolve in 2026-27 to further streamline the process?

Could this compliance track record position Swastika Castal favorably for future capital raising activities?

More News on Swastika Castal

1 Year Returns:-11.70%