Trinity Infraventures Files Corrected SEBI Disclosure for Keto Motors Acquisition
Trinity Infraventures Limited corrected its SEBI filing for the Keto Motors acquisition, addressing three typographical errors in Persons Acting in Concert shareholding details. The corrections included adding omitted PAC member Ms. Attili Jahnavi (19,999 shares) and rectifying holdings of two other members, while maintaining total promoter group stake at 92.49%.
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Trinity Infraventures Limited has filed a correction to its regulatory disclosure under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, addressing typographical errors in the shareholding details of Persons Acting in Concert (PAC) for its acquisition in Keto Motors Limited. The correction was filed on 03.04.2026, one day after the original disclosure submission on 02.04.2026.
Correction Details
The company identified three specific errors in its original filing that required rectification. These corrections do not affect the total number of shares held by the promoter group, which remains at 7,04,34,472 equity shares representing 92.49% of Keto Motors Limited.
| Error Type: | Original Filing | Corrected Information |
|---|---|---|
| Missing PAC: | Ms. Attili Jahnavi omitted | 19,999 equity shares |
| Incorrect Holding: | Mr. Konda Thomas Prabhudas - 19,999 shares | 10,000 equity shares |
| Incorrect Holding: | Mr. Bhaven Vipul Nanavati - 10,000 shares | 1 equity share |
Original Transaction Overview
The share acquisition was executed pursuant to a scheme of arrangement between Keto Motors Private Limited (transferor company) and Keto Motors Limited, formerly known as Taaza International Limited (transferee company). Trinity Infraventures was allotted 43,147,800 equity shares on 31.03.2026 through this NCLT-approved scheme.
| Parameter: | Details |
|---|---|
| Trinity's Individual Acquisition: | 43,147,800 equity shares |
| Total Group Acquisition: | 5,60,47,800 equity shares |
| Allotment Date: | 31.03.2026 |
| Original Filing Date: | 02.04.2026 |
| Correction Filing Date: | 03.04.2026 |
| Target Company: | Keto Motors Limited (formerly Taaza International Limited) |
| NCLT Approval Date: | 12.06.2025 |
Shareholding Structure Post-Acquisition
The acquisition resulted in substantial changes to the promoter group's shareholding pattern. Trinity Infraventures Limited's individual stake increased from 28.50% to 67.08%, while the overall promoter group now holds 92.49% of Keto Motors Limited.
| Entity: | Pre-Transaction % | Post-Transaction Shares | Post-Transaction % |
|---|---|---|---|
| Trinity Infraventures Limited: | 28.50% | 4,72,47,800 | 67.08% |
| Jhansi Sanivarapu: | 34.75% | 50,50,010 | 7.17% |
| Folksforce Private Limited: | - | 75,00,000 | 10.65% |
| Goldstone Power Private Limited: | - | 10,69,999 | 1.52% |
| Total Promoter Group: | 63.25% | 7,04,34,472 | 92.49% |
Expanded Promoter Group
The promoter group comprises 40 entities working in concert with Trinity Infraventures Limited. The corrected disclosure now accurately reflects the holdings of all PAC members, including the previously omitted Ms. Attili Jahnavi with 19,999 shares and the corrected holdings of Mr. Konda Thomas Prabhudas (10,000 shares) and Mr. Bhaven Vipul Nanavati (1 share).
Capital Structure Changes
The scheme of arrangement significantly altered Keto Motors' capital structure. The company's equity share capital increased from ₹14,38,66,720 divided into 1,43,86,672 equity shares to ₹70,43,44,720 divided into 7,04,34,472 equity shares of ₹10 each. The acquisition was completed under exemptions provided in SEBI's SAST Regulations, specifically under Regulation 10(1)(da), which exempts acquisitions pursuant to schemes of arrangement from mandatory open offer requirements.
What strategic synergies does Trinity Infraventures plan to unlock through its dominant 67% stake in Keto Motors Limited?
How might the significant increase in promoter group ownership to 92.49% affect Keto Motors' liquidity and minority shareholder interests?
Will Trinity Infraventures consider consolidating or restructuring the 40-entity promoter group following this major acquisition?
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