Sanjeev Lunkad Group Crosses 5% Stake in Wagend Infra Venture Ltd Through Open Market Purchase

Sanjeev Lunkad and his group of persons acting in concert have crossed the 5% shareholding threshold in Wagend Infra Venture Ltd through open market purchases, triggering mandatory disclosure requirements under SEBI Takeover Regulations. The acquisition represents a significant milestone for the investor group in the infrastructure company.

Acquisition Details

The group acquired 39,000 equity shares through open market transactions, representing 0.08% of the company's total share capital. This acquisition brought their total holding to 2,378,352 shares, crossing the regulatory threshold on March 30, 2026.

Parameter	Before Acquisition	Shares Acquired	After Acquisition
Number of Shares	2,339,352	39,000	2,378,352
Percentage Holding	4.97%	0.08%	5.05%
Voting Rights	4.97%	0.08%	5.05%

Persons Acting in Concert

The acquisition group consists of Sanjeev Lunkad as the primary acquirer, along with four persons acting in concert:

Sneha Lunkad
Riddhi Lunkad
Rushank SS Lunkad
Snehjeev Ventures Pvt. Ltd.

The group has confirmed that they do not belong to the promoter or promoter group of the target company.

Company Details	Information
Listing Exchange	BSE Limited
Share Capital	₹4,71,25,000
Total Equity Shares	47,12,500
Face Value per Share	₹10

Regulatory Compliance

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated March 31, 2026. The acquirer group has no encumbrances, warrants, convertible securities, or other instruments that would entitle them to additional voting rights in the company. All acquired shares are equity shares with full voting rights, and the acquisition was completed through open market transactions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-5.93%	+11.00%	-1.77%	-2.63%	-57.63%

Wagend infra venture Limited has announced the appointment of M/s. Ritik Agrawal & Company, Chartered Accountants, as its Internal Auditor for the Financial Year 2025-2026. The appointment was approved by the company's board of directors during their meeting held on March 21, 2026.

Board Meeting Details

The board meeting was conducted on Saturday, March 21, 2026, commencing at 2.00 p.m. (IST) and concluding at 2.30 p.m. (IST). The appointment was made based on the recommendation of the company's Audit Committee, in compliance with regulatory requirements.

Parameter	Details
Meeting Date	March 21, 2026
Meeting Duration	2.00 p.m. to 2.30 p.m. (IST)
Appointment Effective Date	March 21, 2026
Term	Financial Year 2025-2026

Internal Auditor Profile

M/s. Ritik Agrawal & Company is a chartered accountancy firm with registration number 038727C. The firm specializes in providing comprehensive audit and assurance services, including internal audits, risk advisory, and compliance reviews. The company brings extensive experience across various sectors and maintains a team of qualified professionals equipped to handle complex audit requirements.

Firm Details	Information
Firm Name	M/s. Ritik Agrawal & Company
Registration Number	038727C
Specialization	Audit and assurance services, internal audits, risk advisory, compliance reviews
Expertise	Internal financial controls evaluation and regulatory compliance

Regulatory Compliance

The appointment has been disclosed under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided all requisite details as mandated by the regulatory framework to ensure full compliance with disclosure requirements.

The appointment strengthens Wagend Infra Venture Limited's internal control framework and demonstrates the company's commitment to maintaining robust governance standards and regulatory compliance across its operations.