Khadim India Limited saw a significant shift in its shareholding pattern as Pankaj Prasoon increased his equity stake to 6.1630% of the paid-up capital. This acquisition, executed on September 10, 2026, involved the purchase of 5,14,355 equity shares representing 2.7987% of the company's voting rights.

The transaction was conducted through the open market mechanism. Prior to this acquisition, Prasoon and his Persons Acting in Concert (PAC) held 6,18,300 shares, constituting 3.3643% of the total share capital. The combined holding now stands at 11,32,655 shares. Prasoon is not part of the promoter or promoter group of the company.

Acquisition Details and Holding Structure

The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that no encumbrances such as pledges, liens, or non-disposal undertakings are attached to the shares held by the acquirer and his PACs. Additionally, there are no warrants, convertible securities, or other instruments entitling the acquirer to receive further shares carrying voting rights.

Capital Structure Stability

The total equity share capital of Khadim India remained unchanged following the transaction. The company’s paid-up capital consists of 1,83,78,382 equity shares with a face value of ₹10 each, aggregating to ₹18,37,83,820. This figure represents both the total voting capital and the total diluted share/voting capital, as there are no outstanding convertible securities that would alter the diluted count.

What the Numbers Show

The acquisition nearly doubles Prasoon’s existing position, moving from a 3.36% stake to over 6.16%. This jump crosses the 5% threshold, which typically triggers stricter reporting requirements for substantial shareholders. The absence of any encumbrance on the newly acquired shares suggests a straightforward open market accumulation rather than a leveraged or structured deal.

Khadim India Limited allotted 10,22,727 fully convertible equity share warrants at an offer price of ₹110 each on September 25, 2026. The allotment follows the receipt of 25% of the total consideration from the allottees.

The Board of Directors approved the allotment through a resolution passed via circulation. This action is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The issue was previously approved by shareholders in an Extra-ordinary General Meeting held on August 1, 2026.

In-principle approval for the issue was granted by both the National Stock Exchange of India Limited and BSE Limited through letters dated September 11, 2026. The warrants are issued under the preferential issue route in accordance with the Companies Act, 2013 and SEBI ICDR Regulations, 2018.

Allotment Structure and Pricing

Each warrant is convertible into one fully paid-up equity share with a face value of ₹10. The total issue size aggregates to ₹11,24,99,970. Investors paid 25% of the warrant price at the time of allotment, with the remaining 75% payable upon exercise of conversion rights.

The tenure of the warrants does not exceed 18 months from the date of allotment. Warrants not exercised within this period will lapse, and the amount paid by holders will be forfeited by the company.

Investor Participation

The allotment includes participation from the promoter group and several non-promoter investors. Mr. Siddhartha Roy Burman, a promoter, received the largest single allotment. The table below details the key allottees and their post-conversion equity holding percentages.

What the Numbers Show

The promoter's stake is set to increase from 8.89% to 9.59% upon full conversion of the warrants. This indicates a strengthening of promoter confidence relative to the dilution caused by new public shareholders. The non-promoter allottees are largely new entrants, with most having zero pre-issue equity holdings, suggesting fresh capital infusion from external sources.