Mallinath Madineni and persons acting in concert (PAC) have acquired a 4.90% stake in Sidh Automobiles through an off-market transaction. The acquisition, executed on August 17, 2026, involved the purchase of 1,45,114 equity shares, raising the group’s total holding in the company to 23.86%.

The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the acquirers are not part of the promoter or promoter group of Sidh Automobiles.

Acquisition Details

The following table outlines the shareholding structure before and after the transaction:

The group’s holding prior to this transaction stood at 561,800 shares, representing 18.96% of the total voting capital. Following the purchase of 1,45,114 additional shares, the total holding increased to 706,914 shares.

Acquirer Composition

The persons acting in concert with Mallinath Madineni include:

• Santan Investment Advisory LLP
• Prathima Madineni
• Tanush Madineni

Sidh Automobiles has an equity share capital of 2,962,300 equity shares of ₹10 each. The total diluted share/voting capital remains unchanged at 2,962,300 equity shares following this acquisition.

Sidh Automobiles reported a profit after tax of ₹4.13 lakh for the first quarter ended June 30, 2026, an increase from ₹1.95 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹4.19 lakh. The board approved the unaudited standalone financial results at a meeting held on July 09, 2026.

Total income for the period was ₹4.19 lakh, compared to ₹10.00 lakh in the same quarter last year. Total expenses decreased to ₹0.06 lakh from ₹6.61 lakh in the prior year period. The profit before tax for the quarter was ₹4.13 lakh, compared to ₹1.95 lakh in Q1FY26.

The company's earnings per share (EPS) for the quarter ended June 30, 2026, was ₹0.01 on a basic and diluted basis, up from ₹0.01 in the previous year. The paid-up equity share capital remained unchanged at ₹296.23 lakh with a face value of ₹10 each.

Financial Performance Summary

The following table outlines the key financial metrics for the quarter ended June 30, 2026, compared to the previous year:

The statutory auditors, B. M. Gattani & Co., carried out a limited review of the unaudited financial results. The company stated that no investor complaints were pending at the end of the quarter. Sidh Automobiles operates with only one reportable segment.