Promoter group entity Innovative Money Matters Private Limited has increased its stake in Avonmore Capital & Management Services Limited by acquiring 300,000 equity shares in the open market on August 10, 2026. This acquisition brings the promoter’s total holding to 93,804,900 shares, raising its percentage ownership from 33.13% to 33.24% of the company’s total voting capital.

The transaction was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure was submitted to the Bombay Stock Exchange Ltd. (BSE) and the National Stock Exchange of India Ltd. (NSE) on August 11, 2026, by Navjeet Singh Sobti, Director of Innovative Money Matters Private Limited.

Shareholding Details

The acquisition did not alter the total equity share capital of Avonmore Capital & Management Services Limited, which remains at 282,184,741 shares. The following table outlines the change in shareholding:

Regulatory Compliance

The filing confirms that the acquirer belongs to the Promoter/Promoter group category. There were no changes in voting rights other than those carried by the shares, nor any acquisition or sale of warrants, convertible securities, or other instruments entitling the acquirer to receive shares carrying voting rights. The total diluted share/voting capital remains unchanged at 282,184,741 shares.

What the Numbers Show

The modest increase of 0.11% in the promoter’s stake reflects routine open market activity rather than a significant strategic shift or large-scale block deal. With the promoter holding remaining stable above the one-third threshold, the control structure of Avonmore Capital & Management Services Limited remains unchanged. The absence of any concurrent disposal by other promoters or introduction of new Persons Acting in Concert (PAC) suggests continuity in the existing ownership framework.

The Board of Directors of Avonmore Capital & Management Services Limited approved a Draft Scheme of Amalgamation on July 31, 2026, consolidating four wholly-owned subsidiaries into the parent entity. The merger involves Almondz Finanz Limited, Apricot Infosoft Private Limited, Avonmore Developer Private Limited, and Anemone Holdings Private Limited. This restructuring aims to simplify the corporate structure and reduce operational costs through rationalization and standardization of business processes, with no impact on the listed entity's shareholding pattern.

Entities Involved in the Amalgamation

The scheme merges four transferor companies into Avonmore Capital & Management Services Limited as the transferee company. The following table details the paid-up share capital and standalone turnover for the year ended March 31, 2026, for each entity:

Business Profile and Rationale

Avonmore Capital & Management Services Limited operates as a non-deposit taking Non-Banking Financial Company (NBFC), registered with the Reserve Bank of India under Section 45 IA of the RBI Act, 1934. The company focuses on long-term strategic investments in group companies and non-banking finance activities. The proposed amalgamation is designed to streamline operations within the group, eliminating redundant processes and reducing costs associated with maintaining separate corporate entities.

Key Terms and Regulatory Compliance

Since the transferor companies are wholly-owned subsidiaries, no shares of the transferee company will be allotted in exchange for holdings in the transferor companies. Upon the scheme becoming effective, the entire issued, subscribed, and paid-up share capital of the transferor companies will be cancelled and extinguished. Consequently, there will be no change in the shareholding pattern of the listed entity.

The transaction is exempt from related-party transaction requirements under Section 188 of the Companies Act, 2013, as per General Circular No. 30/2014 dated July 17, 2014, issued by the Ministry of Corporate Affairs. Additionally, the scheme is exempt from Regulation 23(5)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The scheme is subject to requisite approvals and consents.