Orbit Exports: Sushila Daga Acquires 7.49% Stake Through Off-Market Transaction
Sushila Daga and persons acting in concert have acquired a 7.49% aggregate stake in Orbit Exports Limited through an off-market transaction completed on March 27, 2026. The acquisition includes Sushila Daga's primary holding of 4.47% (11,85,653 shares) and Kaushik Daga Family Trust's 3.01% stake as a person acting in concert, totaling 19,84,717 equity shares.
*this image is generated using AI for illustrative purposes only.
Orbit Exports Limited has received a formal disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Sushila Daga regarding a substantial acquisition of shares. The disclosure, dated March 29, 2026, reveals that Sushila Daga and persons acting in concert have acquired an aggregate holding of 7.49% in the company through an off-market transaction completed on March 27, 2026.
Acquisition Structure and Details
The substantial acquisition comprises holdings by two entities working in concert. Sushila Daga, the primary acquirer (PAN: ABOPD3650N), has acquired 4.47% stake in the company, while Kaushik Daga Family Trust, acting as a person in concert, holds 3.01%. Together, their combined holding represents 7.49% of the company's paid-up equity share capital.
| Parameter: | Details |
|---|---|
| Primary Acquirer: | Sushila Daga |
| Acquirer's Holding: | 4.47% |
| Person Acting in Concert: | Kaushik Daga Family Trust |
| PAC Holding: | 3.01% |
| Total Aggregate Holding: | 7.49% |
| Transaction Mode: | Off Market |
| Acquisition Date: | March 27, 2026 |
| Disclosure Date: | March 29, 2026 |
Share Acquisition Breakdown
Sushila Daga acquired 11,85,653 equity shares carrying voting rights, representing 4.47% of the total share capital. The total holding of the acquirer and persons acting in concert amounts to 19,84,717 equity shares, constituting 7.49% of the company's equity. Prior to this acquisition, neither Sushila Daga nor the persons acting in concert held any shares, voting rights, warrants, or convertible securities in Orbit Exports Limited.
| Acquisition Component: | Number of Shares | Percentage |
|---|---|---|
| Shares Acquired by Sushila Daga: | 11,85,653 | 4.47% |
| Total Shares (Acquirer + PAC): | 19,84,717 | 7.49% |
| Previous Holdings: | NIL | NIL |
| Voting Rights Otherwise: | NIL | NIL |
| Warrants/Convertible Securities: | NIL | NIL |
Company Capital Structure and Compliance
Orbit Exports Limited's paid-up equity share capital stands at ₹26,51,11,520, comprising 2,65,11,152 equity shares of ₹10 each. The acquirer does not belong to the promoter or promoter group of the company, indicating this is an acquisition by non-promoter entities.
The disclosure has been made in compliance with SEBI regulations and has been communicated to both the National Stock Exchange of India Limited and BSE Limited, where Orbit Exports shares are listed. The company trades under the symbol ORBTEXP on NSE and security code 512626 on BSE. This acquisition represents a significant stake accumulation by the Daga entities in the export-focused company.
Historical Stock Returns for Orbit Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.93% | +2.96% | +10.60% | -20.71% | -8.64% | +188.99% |
What strategic plans might Sushila Daga and Kaushik Daga Family Trust have for their 7.49% stake in Orbit Exports, and could this lead to further acquisitions?
How might this substantial acquisition by the Daga entities impact Orbit Exports' board composition and corporate governance decisions?
Will this new shareholding structure influence Orbit Exports' export strategy or business expansion plans in key international markets?
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