Promoter Vipul Haridas Thakkar acquired 14,000 equity shares of Silver Touch Technologies in the open market on August 31, 2026. The purchase brings his total holding to 2,68,57,760 shares, representing a 21.18% stake in the company.

The transaction was disclosed pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Thakkar filed the declaration with the National Stock Exchange and BSE Limited on September 1, 2026.

Shareholding Pattern Update

Prior to this acquisition, Thakkar held 2,59,15,630 voting shares, accounting for 20.44% of the company’s share capital. Of his pre-acquisition holdings, 9,28,130 shares were encumbered.

The open market purchase added 0.01% to his voting rights. Following the transaction, his direct voting shareholding increased to 20.45%. The encumbered portion remained unchanged at 9,28,130 shares.

What the Numbers Show

The acquisition is modest in scale relative to the promoter’s existing stake. Buying 14,000 shares against a pre-existing holding of over 2.59 crore indicates incremental consolidation rather than a significant strategic shift in ownership structure. The total diluted voting capital remains constant at 12,68,10,000 equity shares.

Silver Touch Technologies shareholders approved all five resolutions at its 32nd Annual General Meeting (AGM) held on August 24, 2026. The scrutinizer report confirms that 99.998% of votes polled were in favour of adopting the audited financial statements for FY26.

The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations. Remote e-voting was facilitated by Central Depository Services (India) Limited from August 21 to August 23, 2026. Sandip Sheth & Associates served as the scrutinizer for the e-voting process.

Resolutions Approved

Shareholders approved five resolutions, including the adoption of standalone and consolidated financial statements, dividend declaration, and director reappointments.

Vipul Haridas Thakkar and Minesh Vinodchandra Doshi retired by rotation and were successfully reappointed. Piyushkumar Mithileshkumar Sinha was reappointed as an Independent Director via a special resolution.

Voting Results

The total number of shareholders on the record date (August 17, 2026) was 11,059. A total of 9,60,82,677 votes were polled out of 12,68,10,000 outstanding shares, representing a 75.77% turnout.

Promoter and promoter group shareholders voted unanimously in favour of the resolution. Among public non-institutional shareholders, 25,25,957 votes were cast in favour against 60 votes against.

Audit and Governance

Statutory Auditors Ambalal Patel & Co. submitted their report on the financial statements without any qualification, reservation, adverse remark, or disclaimer. Secretarial Auditor Sandip Sheth & Associates also submitted its report pursuant to Section 204 of the Companies Act, 2013.

Board Presence

Key managerial personnel present included Whole-time Directors Jignesh Amritlal Patel and Himanshu Jain. Independent Directors Dr. Gayatri Mukul Doctor and Apurva Bhaskar Damani also attended. Chief Financial Officer Paulin Vinodbhai Shah and Company Secretary Rahul Advani were present to oversee compliance.