Orbit Exports: Varun Daga Family Trust Acquires 6.85% Stake with PACs
Varun Daga Family Trust, along with persons acting in concert including Shreans Daga Family Trust and Kanchan Daga, has acquired a substantial 6.85% stake in Orbit Exports Limited through off-market transactions completed on March 27, 2026. The acquisition involves 18,16,545 equity shares, with the primary acquirer holding 3.01% and PACs holding the remaining 3.84%.
*this image is generated using AI for illustrative purposes only.
Orbit Exports Limited has received a regulatory disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the substantial acquisition of shares by Varun Daga Family Trust along with persons acting in concert. The acquisition, completed on March 27, 2026, resulted in a combined shareholding of 6.85% in the textile export company.
Acquisition Structure and Details
The substantial acquisition involves Varun Daga Family Trust as the primary acquirer along with persons acting in concert (PACs). The transaction was executed through off-market transfer, with the aggregate holdings reaching 6.85% of Orbit Exports' paid-up equity share capital as of March 27, 2026.
| Acquirer Details: | Shareholding | Percentage |
|---|---|---|
| Varun Daga Family Trust: | Primary Acquirer | 3.01% |
| Shreans Daga Family Trust: | PAC | 3.00% |
| Kanchan Daga: | PAC | 0.84% |
| Total Combined Holding: | 18,16,545 shares | 6.85% |
Transaction Breakdown
Varun Daga Family Trust acquired 7,99,064 equity shares representing 3.01% of the total share capital through off-market transactions. Prior to this acquisition, the trust and its persons acting in concert held no shares in Orbit Exports Limited. The acquisition brings their total combined holding to 18,16,545 equity shares.
| Transaction Parameters: | Before Acquisition | After Acquisition |
|---|---|---|
| Shares Held: | NIL | 18,16,545 |
| Voting Rights: | NIL | 6.85% |
| Encumbrances: | NIL | NIL |
| Convertible Securities: | NIL | NIL |
Company Capital Structure
Orbit Exports Limited maintains its paid-up equity share capital of Rs. 26,51,11,520, comprising 2,65,11,152 equity shares with a face value of Rs. 10.00 each. The company's total voting capital and diluted share capital remain unchanged following this acquisition.
Regulatory Compliance
The disclosure was submitted by Varun Daga as Trustee of Varun Daga Family Trust in compliance with SEBI regulations. The acquirer group is classified as non-promoter entities. The formal disclosure letter dated March 29, 2026, was addressed to Orbit Exports' compliance officer and copied to both BSE Limited (Security Code: 512626) and National Stock Exchange of India Limited (Symbol: ORBTEXP) where the company's shares are listed.
Orbit Exports Limited operates from its registered office at 122, 2nd Floor, Mistry Bhavan, Dinshaw Wachcha Road, Churchgate, Mumbai 400020, Maharashtra.
Historical Stock Returns for Orbit Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.93% | +2.96% | +10.60% | -20.71% | -8.64% | +188.99% |
Will the Daga family trusts continue accumulating shares in Orbit Exports to reach the 10% threshold that would trigger open offer requirements?
How might this strategic investment by family trusts impact Orbit Exports' business expansion plans in the textile export sector?
Could this acquisition signal potential consolidation trends within India's textile export industry amid changing global trade dynamics?
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