Sushila Daga Acquires 7.49% Stake in Orbit Exports Limited Through Substantial Acquisition
Sushila Daga has disclosed a substantial acquisition of 7.49% aggregate stake in Orbit Exports Limited under SEBI regulations as of March 27, 2026. The acquisition includes Sushila Daga holding 4.47% (11,85,653 shares) and Kaushik Daga Family Trust holding 3.01% as persons acting in concert. The disclosure was made to comply with SEBI takeover regulations and communicated to NSE and BSE where the company is listed.
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Orbit Exports Limited has received a 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 as of March 27, 2026.
Acquisition Details
The substantial acquisition comprises holdings by two entities working in concert. Sushila Daga, the primary acquirer, 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 |
|---|---|
| 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% |
| Disclosure Date | March 29, 2026 |
| Holding as of Date | March 27, 2026 |
Share Acquisition Breakdown
Sushila Daga acquired 11,85,653 equity shares carrying voting rights, representing 4.47% of the total share capital. 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 with Voting Rights Acquired | 11,85,653 | 4.47% |
| Previous Holdings | NIL | NIL |
| Voting Rights Otherwise | NIL | NIL |
| Warrants/Convertible Securities | NIL | NIL |
| Total Acquisition | 11,85,653 | 4.47% |
Company Capital Structure
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.
Regulatory Compliance
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 |
|---|---|---|---|---|---|
| -0.50% | -3.11% | -13.78% | -18.16% | -2.07% | +157.02% |
Will Sushila Daga and Kaushik Daga Family Trust continue accumulating shares to reach the 10% threshold requiring an open offer?
How might this significant stake acquisition by the Daga entities influence Orbit Exports' strategic direction and business decisions?
What impact could this new substantial shareholding have on Orbit Exports' stock price and trading volumes in the coming quarters?
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