Sarvashaktiman Traders Private Limited has increased its shareholding in Shri Gang Industries and Allied Products Limited to 6.64% of the post-allotment fully diluted paid-up share capital. The acquisition was executed on June 06, 2026, through the conversion of 0.01% Compulsorily Convertible Preference Shares. This strategic move follows the provisions of Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquirer converted preference shares aggregating to ₹8,54,52,500 into 11,24,375 equity shares at an issue price of ₹76 per share. Prior to this transaction, Sarvashaktiman Traders Private Limited held 3,50,000 equity shares, which accounted for 1.75% of the total share capital and 1.58% of the total diluted share capital. The conversion of these instruments has significantly altered the acquirer's position within the target company's ownership structure.

Details of shareholding

The disclosure filed with BSE Limited outlines the shift in ownership percentages before and after the acquisition. The total voting capital of the target company before the transaction was ₹19,98,00,000, divided into 1,99,80,000 equity shares of ₹10 each. Post-acquisition, the equity share capital rose to ₹21,23,90,550, comprising 2,12,39,055 equity shares. The total diluted share capital after the allotment stands at ₹22,21,75,060, divided into 2,22,17,506 equity shares.

Regulatory compliance

The disclosure confirms that Sarvashaktiman Traders Private Limited does not belong to the promoter or promoter group of the target company. The mode of acquisition was specifically the allotment of equity shares pursuant to the conversion of Compulsorily Convertible Preference Shares. The intimation of allotment was received on June 06, 2026. The filing was submitted by Ashish Singh Chauhan, Director of Sarvashaktiman Traders Private Limited, to ensure compliance with the Takeover Regulations.

Shri Gang Industries and Allied Products Limited has submitted an application to BSE Limited seeking approval for the reclassification of four individuals from the 'Promoter & Promoter Group' category to the 'Public' category. The application was filed on May 12, 2026, pursuant to Regulation 31A(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The individuals subject to this reclassification are Mr. Ajay Gupta, Mr. Shailesh Gupta, Mr. Siddharth Gupta, and Mr. Ramesh Gupta.

This development follows the Board of Directors meeting held on May 7, 2026, where the reclassification request was initially approved. The Board had determined that the Outgoing Promoters are not in control of the company's management, collectively hold less than 10% of voting rights, and do not possess any special rights. The approval is subject to necessary regulatory clearances.

Financial Performance

During the same meeting, the Board approved the audited financial results for the quarter and year ended March 31, 2026. For the financial year, the company reported total income from operations of INR 40,304.01 lakhs, compared to INR 35,323.98 lakhs in the previous year. Net profit for the year stood at INR 1,860.62 lakhs, down from INR 2,932.51 lakhs in the prior year.

The table below summarises the key financial figures for the year and quarter ended March 31, 2026:

Operational Highlights

Revenue from operations for the year increased to INR 40,233.56 lakhs from INR 35,262.37 lakhs in the prior year. Segment-wise, Liquor operations contributed INR 40,191.14 lakhs, while Edible Oils operations contributed INR 42.42 lakhs. During the year, the company received INR 3,213.62 lakhs towards a refund of state government duties and taxes deposited in relation to products manufactured in its liquor segment. Additionally, the company issued 13,00,000 equity shares of ₹10 each by conversion of Compulsorily Convertible Preference Shares and issued 7,50,000 Sweat Equity Shares to an employee.