Megamont promoters, Chhajed group raise stakes via warrant conversion
- Promoters Minal Gaurav Patil and Maddukuri Mounica raised stake to 60.22%
- Parushana Suyash Chhajed and PACs increased holding to 6.89%
- Both groups acquired shares via warrant conversion on September 3, 2026
- Equity share capital expanded to 3,33,61,806 shares post-conversion
- No encumbrances reported on shares held by either group
*this image is generated using AI for illustrative purposes only.
Megamont promoters and the Parushana Suyash Chhajed group increased their shareholdings following warrant conversions on September 3, 2026.
Promoters Minal Gaurav Patil and Maddukuri Mounica raised their stake to 60.22%, while Parushana Suyash Chhajed and Persons Acting in Concert (PACs) increased their holding to 6.89%.
Promoter Acquisition Details
The promoters converted warrants issued on a preferential basis, adding 40,80,000 shares to their portfolio pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Total Shares Held | 1,60,11,146 | 2,00,91,146 |
| Holding (% w.r.t Total Capital) | 55.44% | 60.22% |
| Holding (% w.r.t Diluted Capital) | 47.99% | 60.22% |
Prior to this move, the promoters held 1,60,11,146 shares, representing 55.44% of total voting capital and 47.99% of diluted voting capital. There were no encumbrances or pledges on these shares.
Non-Promoter Acquisition Details
Parushana Suyash Chhajed, along with PACs Synergy Technoeco Consultancy Pvt. Ltd and Suyash Rajendra Chhajed, acquired 4,00,000 shares through the same warrant conversion mechanism. This group is not part of the promoter circle.
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Total Shares Held | 19,00,000 | 23,00,000 |
| Holding (% w.r.t Total Capital) | 6.58% | 6.89% |
| Holding (% w.r.t Diluted Capital) | 6.89% | 6.89% |
The acquisition raised the Chhajed group's stake from 6.58% to 6.89% of the total voting capital. Like the promoters, there were no encumbrances on these shares.
Capital Structure Impact
The combined conversions expanded Megamont Limited's equity share capital from 1,48,91,806 shares (as per promoter filing context) or 2,88,81,806 shares (as per Chhajed filing context prior to specific tranche conversion) to a final post-conversion total of 3,33,61,806 shares. Each equity share has a face value of ₹10.
The total diluted share/voting capital after the acquisitions stands at 3,33,61,806 equity shares, indicating no further outstanding convertible securities from these specific instruments.
Historical Stock Returns for Megamont
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.03% | 0.0% | +21.23% | +102.60% | +272.92% | 0.0% |
How might the increased promoter holding of 60.22% impact the free float and liquidity of Megamont's shares in the secondary market?
What strategic rationale did Megamont provide for issuing these warrants on a preferential basis, and how does this align with the company's long-term growth plans?
Will the dilution from converting 44.8 lakh warrants significantly affect key financial metrics such as earnings per share (EPS) in the upcoming quarters?
18
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
