Shubhalakshmi Polyesters Files SEBI Takeover Disclosure After Acquiring Stake
Shubhalakshmi Polyesters Limited has filed a comprehensive SEBI takeover disclosure following the acquisition of 7,74,946 equity shares in Shree Hari Chemicals Export Limited through conversion of compulsorily convertible debentures. The acquisition increased Shubhalakshmi Polyesters' shareholding from 13.93% to 24.50%, while expanding the target company's total equity capital from Rs. 5,53,79,340 to Rs. 6,31,28,800.
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Shree Hari Chemicals Export Limited has completed the allotment of 7,74,946 equity shares to Shubhalakshmi Polyesters Limited following the conversion of compulsorily convertible debentures. The Committee of Directors approved this allotment during their meeting held on April 03, 2026, triggering regulatory disclosure requirements under SEBI takeover regulations.
SEBI Takeover Disclosure Filed
Shubhalakshmi Polyesters Limited has filed a comprehensive disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following the acquisition. The disclosure was signed by Vikas Agarwal, Promoter and Whole Time Director & CFO of Shubhalakshmi Polyesters Limited, on April 04, 2026.
| Parameter: | Before Acquisition | After Acquisition |
|---|---|---|
| Shubhalakshmi Polyesters Holding: | 7,71,634 shares (13.93%) | 15,46,580 shares (24.50%) |
| Non-Acquirer Promoters: | 25,09,762 shares (45.32%) | 25,09,762 shares (39.76%) |
| Total Promoter Group: | 32,81,396 shares (59.25%) | 40,56,342 shares (64.26%) |
| Total Equity Capital: | Rs. 5,53,79,340 | Rs. 6,31,28,800 |
Share Acquisition Details
The acquisition involved 7,74,946 shares representing 12.28% of the total share capital through conversion of compulsorily convertible debentures originally allotted on November 15, 2024. The conversion was executed on April 03, 2026, with each debenture converting into one equity share on a one-to-one basis.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 7,74,946 |
| Acquisition Percentage: | 12.28% |
| Mode of Acquisition: | Conversion of CCDs |
| Original CCD Allotment Date: | November 15, 2024 |
| Conversion Date: | April 03, 2026 |
| Target Company: | Shree Hari Chemicals Export Limited |
Capital Structure Impact
The conversion has expanded Shree Hari Chemicals Export Limited's equity base from 55,37,934 shares to 63,12,880 shares, representing a significant increase in the company's share capital. The total equity capital increased from Rs. 5,53,79,340 to Rs. 6,31,28,800, with each share having a face value of Rs. 10.
| Parameter: | Before Conversion | After Conversion |
|---|---|---|
| Total Shares: | 55,37,934 | 63,12,880 |
| Equity Capital: | Rs. 5,53,79,340 | Rs. 6,31,28,800 |
| Face Value per Share: | Rs. 10 | Rs. 10 |
| Stock Exchange: | BSE Limited | BSE Limited |
Regulatory Compliance
Shubhalakshmi Polyesters Limited, being a promoter entity, has increased its shareholding percentage from 13.93% to 24.50% through this conversion. The company's shares are listed on BSE Limited, where this disclosure has been formally communicated in compliance with SEBI regulations. The newly allotted equity shares will be subject to applicable lock-in provisions as mandated under securities regulations.
Historical Stock Returns for Shree Hari Chemicals Export
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.38% | +5.15% | +8.92% | +7.84% | -33.63% | +81.07% |
Will Shubhalakshmi Polyesters pursue further acquisitions to reach the 25% threshold that would trigger an open offer requirement?
How might the increased promoter holding from 59.25% to 64.26% affect minority shareholder rights and corporate governance decisions?
What strategic synergies between Shubhalakshmi Polyesters and Shree Hari Chemicals Export could emerge from this strengthened relationship?
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