Ponni Sugars (Erode) Limited has disclosed that Dhanashree Investments Private Limited (DIPL) and Ultra Investments and Leasing Company Private Limited (UILCPL) will be included in its promoter group for the quarter ending September 30, 2026.

This inclusion follows a letter received on September 22, 2026, from Time Square Investments Private Limited (TSIPL), one of the company's promoters. TSIPL informed the company that it has acquired more than 20% of the equity shares in both DIPL and UILCPL.

Shareholding details

As per the disclosure, DIPL and UILCPL currently hold fully paid-up equity shares in Ponni Sugars. The specific holdings are detailed below:

Regulatory compliance

Under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, entities in which a promoter holds more than 20% equity are classified as part of the promoter group. Consequently, the shareholding pattern submitted for the quarter ending September 30, 2026, will reflect this change.

The disclosure was signed by R Madhusudhan, Company Secretary and Compliance Officer, confirming the receipt of the communication from TSIPL.

Ponni Sugars (Erode) Limited received a disclosure on August 17, 2026 from promoter entity Seshasayee Paper and Boards Limited, reporting the acquisition of 2,90,000 equity shares through open market purchases on the NSE. The shares, each carrying a face value of Rs. 10, were purchased at Rs. 350 per share. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition details

The transaction increased Seshasayee Paper and Boards' shareholding in Ponni Sugars (Erode) from 32.347% to 35.720%, as detailed in the table below.

Shareholding before and after acquisition

The following table captures the change in Seshasayee Paper and Boards' holding in Ponni Sugars (Erode) as a result of this transaction.

Target company capital structure

The equity share capital of Ponni Sugars (Erode) remained unchanged at Rs. 85984180, comprising 85,98,418 shares of face value Rs. 10 each, both before and after the acquisition. The acquirer confirmed that no shares were held under encumbrance, pledge, lien, or non-disposal undertaking, and no warrants or convertible securities were involved in the transaction.

Seshasayee Paper and Boards belongs to the promoter and promoter group of Ponni Sugars (Erode). The disclosure was signed by S. Srinivas, Director (Finance) and Secretary of Seshasayee Paper and Boards, and filed from Erode on August 17, 2026.