Megamont Promoters Acquire 9 Lakh Shares at Rs 18 Per Share from Faze Three
Megamont Limited disclosed that promoters Minal Gaurav Patil and Maddukuri Mounica acquired 9,00,000 equity shares at Rs 18.00 per share from Faze Three Limited through off-market purchase on March 30, 2026. Each promoter acquired 4,50,000 shares, increasing their individual holdings from 27.72% to 29.28% and combined promoter shareholding from 55.44% to 58.55% of total share capital.
*this image is generated using AI for illustrative purposes only.
Megamont Limited (formerly V.R.Woodart Limited) has disclosed a significant off-market share acquisition by its promoters under Regulation 18(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved the purchase of 9,00,000 equity shares on March 30, 2026, at Rs 18.00 per share from Faze Three Limited.
Off-Market Share Acquisition Details
The acquisition was executed through an off-market purchase in accordance with a Share Purchase Agreement dated March 07, 2025. The acquiring parties, Minal Gaurav Patil and Maddukuri Mounica, both belonging to the promoter group, purchased equal quantities of shares from Faze Three Limited.
| Transaction Parameters: | Details |
|---|---|
| Total Shares Acquired: | 9,00,000 equity shares |
| Acquisition Date: | March 30, 2026 |
| Purchase Price: | Rs 18.00 per share |
| Seller: | Faze Three Limited |
| Agreement Date: | March 07, 2025 |
| Individual Acquisition: | 4,50,000 shares each |
Individual Promoter Acquisitions
Both promoters acquired identical quantities of shares under the same terms. Each promoter's shareholding increased from 80,05,573 equity shares (27.72%) to 84,55,573 equity shares (29.28%), while maintaining their existing warrant holdings of 40,80,000 warrants representing 12.23% of diluted capital.
| Promoter Details: | Minal Gaurav Patil | Maddukuri Mounica |
|---|---|---|
| Shares Acquired: | 4,50,000 | 4,50,000 |
| Before Acquisition: | 80,05,573 (27.72%) | 80,05,573 (27.72%) |
| After Acquisition: | 84,55,573 (29.28%) | 84,55,573 (29.28%) |
| Warrant Holdings: | 40,80,000 (12.23%) | 40,80,000 (12.23%) |
Combined Promoter Shareholding Changes
Following the acquisition, the combined promoter group shareholding has increased from 55.44% to 58.55% of total share capital. The transaction represents a strategic move to strengthen promoter control over the company operations.
| Combined Holdings: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Total Equity Shares: | 1,60,11,146 | 1,69,11,146 | +9,00,000 |
| % of Share Capital: | 55.44% | 58.55% | +3.11% |
| Total Investment: | - | Rs 1,62,00,000 | New |
Regulatory Compliance and Disclosure
Megamont Limited submitted the mandatory disclosure to BSE Limited on March 31, 2026, where the company's shares are listed under scrip code 523888. The disclosure was signed by Minal Gaurav Patil as promoter and includes detailed shareholding information as required under SEBI regulations. The company confirmed that disclosure details were provided in the Public Announcement dated March 07, 2025, and Detailed Public Statement dated March 13, 2025.
| Compliance Details: | Information |
|---|---|
| BSE Scrip Code: | 523888 |
| CIN: | L46610MH1989PLC138292 |
| Disclosure Date: | March 31, 2026 |
| Public Announcement: | March 07, 2025 |
| Detailed Statement: | March 13, 2025 |
Historical Stock Returns for V R Woodart
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.85% | -2.23% | +36.96% | +187.41% | +297.11% | +2,041.59% |
Will the promoters exercise their existing 40.8 million warrants to further consolidate their control beyond the current 58.55% shareholding?
How might this increased promoter control at 58.55% impact Megamont's strategic decisions regarding potential mergers, acquisitions, or business restructuring?
What operational changes or capital allocation strategies could emerge now that promoters have strengthened their grip on company governance?
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