RGF Capital Markets acquirers revise disclosure for BSE discrepancy
Acquirers in RGF Capital Markets submitted a revised disclosure under Regulation 29(1) of the SEBI SAST Regulations to rectify a discrepancy flagged by BSE Limited. The filing confirms there is no change in the number of shares acquired, voting rights, or the percentage of acquisition compared to earlier disclosures. The acquisition of 1,38,65,708 shares via the open market on February 16, 2026, increased the group's total holding to 13.91%.

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Acquirers in R G F Capital Markets Ltd submitted a revised disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to rectify a discrepancy flagged by BSE Limited. The filing confirms there is no change in the number of shares acquired, voting rights, or the percentage of acquisition compared to earlier disclosures submitted by the acquirer and Persons Acting in Concert (PACs). The revised filing addresses a communication from the exchange regarding the previous submission.
The group, comprising nine individuals and entities including Nishad Jitendra Shah and Rocksolid Enterprise, acquired a total of 1,38,65,708 equity shares through the open market. The transaction, dated February 16, 2026, increased the aggregate holding of the acquirers to 2,08,65,708 shares, representing 13.91% of the total voting capital of RGF Capital Markets.
Prior to this acquisition, the group held 70,00,000 shares, accounting for 4.67% of the share capital. Following the purchase, individual holdings range from 0.11% to 2.95%, with Nishad Jitendra Shah holding the largest stake at 2.95%. The acquirers confirmed they do not belong to the promoter or promoter group of the target company.
The equity shares of RGF Capital Markets are listed on BSE Limited and Calcutta Stock Exchange Limited. The total paid-up equity share capital of the company remains Rs. 15,00,24,000, comprising 15,00,24,000 equity shares of Re.1 each. The diluted share capital also stands at 15,00,24,000 shares.
Shareholding Details
| Acquirer / PAC | Shares Acquired | % of Total Share Capital | Post-Acquisition Holding | % Post-Acquisition |
|---|---|---|---|---|
| Nishad Jitendra Shah | 44,27,548 | 2.95 | 44,27,548 | 2.95 |
| Nishad Jitendra Shah-HUF | 14,73,251 | 0.98 | 21,73,251 | 1.45 |
| Rajshree Nishad Shah | 25,56,753 | 1.70 | 32,56,753 | 2.17 |
| Parshwa Nishad Shah | 13,71,916 | 0.91 | 27,71,916 | 1.85 |
| Payal Paras Shah | 1,63,695 | 0.11 | 1,63,695 | 0.11 |
| Trupti Management Services Private Limited | 18,70,795 | 1.25 | 18,70,795 | 1.25 |
| Rocksolid Investment | 8,48,094 | 0.57 | 28,48,094 | 1.90 |
| Rocksolid Enterprise | 9,19,807 | 0.61 | 31,19,807 | 2.08 |
| Rockthree Framework LLP | 2,33,849 | 0.16 | 2,33,849 | 0.16 |
| Total | 1,38,65,708 | 9.24% | 2,08,65,708 | 13.91% |
Historical Stock Returns for RGF Capital Markets
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.69% | +17.56% | +13.15% | +138.61% | +301.67% | +143.43% |
Will the acquirers seek board representation given their stake now exceeds the 10% threshold?
Does the group intend to increase their holding further to trigger an open offer obligation?
How will the market react to this accumulation by non-promoter entities regarding the company's governance?































