The Hitesh Kothari group has acquired a 33.16% stake in Premier Capital Services Limited through an open offer, marking a significant shift in the company’s promoter structure.

The acquisition was completed on September 15, 2026, following an off-market transaction initiated by promoter Pumarth Infrastructure Private Limited. The seller disposed of its entire holding to a consortium led by Hitesh Kothari and his associated entities.

Transaction Details

The shares were transferred pursuant to a Share Purchase Agreement dated February 14, 2025. Following this disposal, Pumarth Infrastructure’s shareholding in the company has reduced to nil. The total equity share capital of Premier Capital Services remains unchanged at ₹3,70,60,920, divided into 3,70,60,920 equity shares of ₹1 each.

The acquirers, who are now deemed part of the Promoter/Promoter Group, hold the following stakes:

Regulatory Disclosure

Mr. Hitesh Kothari filed the disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with the BSE Limited on September 17, 2026. The filing confirms that the acquisition of 1,22,89,780 equity shares was executed via an open offer from Pumarth Infrastructure, which belongs to the previous promoter group.

Premier Capital Services shareholders approved the company’s audited financial statements for FY26 and the re-appointment of a director at its 43rd Annual General Meeting held on September 16, 2026.

The meeting, conducted via video conferencing, saw 42 members vote on three resolutions. Promoter and promoter group entities, holding 14,824,630 shares, voted in favor of all items. Public non-institutional shareholders also supported the resolutions, with varying degrees of dissent on special business items.

Voting Participation

As on the cut-off date of September 9, 2026, there were 2,789 members holding 37,060,920 equity shares. A total of 22 members attended the meeting through video conferencing, satisfying the quorum requirement of 15 members.

Remote e-voting was open from September 13 to September 15, 2026. The consolidated voting results were scrutinized by Company Secretary Dinesh Kumar Gupta.

Resolution Outcomes

Shareholders voted on two ordinary resolutions and one special resolution. The promoter group cast 12,289,780 votes (82.90% of their holdings) in favor of all agenda items.

Item-wise Breakdown

Item 1: Financial Statements The adoption of audited standalone financial statements for the year ended March 31, 2026, received unanimous support from the promoter group. Among public non-institutional voters, 892,042 votes were cast in favor versus 35 against.

Item 2: Director Re-appointment Mrs. Sharda Manoj Kasliwal (DIN: 00345386), who retired by rotation, was re-appointed as a director. The promoter group voted entirely in favor. Public non-institutional shareholders cast 891,042 votes in favor and 1,035 against.

Item 3: Section 186 Limits The special resolution to approve limits under Section 186 of the Companies Act, 2013, for loans, guarantees, and investments passed with 99.80% support on votes polled. While the promoter group voted unanimously in favor, public non-institutional shareholders recorded 26,035 votes against the resolution.

What the Numbers Show

The promoter group’s voting pattern indicates strong alignment with the board’s proposals, casting 100% of their polled votes in favor across all resolutions. In contrast, the special resolution regarding Section 186 limits saw notable dissent from public non-institutional shareholders, with approximately 2.92% of their polled votes cast against the measure. This divergence suggests specific scrutiny or caution among retail and non-institutional public investors regarding the company’s proposed lending and investment limits.