Sagarmal Ramesh Kumar Pvt. Ltd., a promoter group entity of Trishakti Industries Ltd , acquired 1,000 equity shares through the open market on September 28, 2026. This transaction marks a marginal increase in the promoter group's holding in the company.

The acquisition was disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The shares were purchased from the BSE open market segment.

Pre-acquisition holding details

Before this transaction, Sagarmal Ramesh Kumar Pvt. Ltd. held 21,11,878 equity shares, representing 12.50% of the total voting capital. Additionally, the entity held warrants or convertible securities for 4,00,000 shares, bringing the total diluted holding to 13.88% of the total diluted share capital.

Post-acquisition position

Following the acquisition of 1,000 shares, the promoter group's direct equity holding rose to 21,12,878 shares. This represents 12.51% of the total voting capital. The holding in warrants or convertible securities remained unchanged at 4,00,000 shares.

What the numbers show

The transaction represents a negligible change in ownership structure, with the promoter group's stake increasing by just 0.01% in both voting capital and diluted capital terms. The total equity share capital of Trishakti Industries remains unchanged at ₹3,37,89,100, comprising 1,68,94,550 equity shares of face value ₹2 each. The acquisition did not involve any encumbrances or voting rights exercised otherwise than by equity shares.

Trishakti Industries Limited placed a ₹105.39 crore purchase order with XCMG for 60 units of heavy lift and aerial work platforms (AWPs). This move aims to broaden the company's equipment portfolio across heavy-lift and work-at-height categories, aligning with demand from infrastructure, renewable energy, steel, and industrial customers.

The order, disclosed on September 28, 2026, comprises 11 crawler cranes, ten truck-mounted cranes, and 39 articulated boom lifts. The acquisition forms part of the company's remaining CapEx programme of approximately ₹130–140 crore under a cumulative ₹400 crore plan.

Order composition and strategic alignment

The purchased units are designed to serve different phases of project lifecycles. Crawler cranes will target wind, refinery, and large industrial projects, while truck-mounted cranes will support metro, highway, and steel plant work. The articulated boom lifts are intended for industrial maintenance and work-at-height applications.

Fleet expansion and utilisation metrics

This order supports Trishakti's plan to expand its fleet to 200+ units by FY27. As of the Q1 FY27 earnings call in July 2026, the fleet stood at approximately 155–158 machines. The addition of 60 units brings the net fleet size to approximately 230 units, exceeding the initial target.

The company sustained approximately 100% fleet utilisation through FY26 and Q1 FY27. Management indicated an executable order book of approximately ₹70–72 crore for FY27. Dhruv Jhanwar, Chief Executive Officer, stated that the balanced mix of equipment is central to sustaining high fleet utilisation as the company scales.

Industry backdrop and vertical focus

India's infrastructure investment provides a favourable backdrop for specialised equipment rental. Public capital expenditure under the Union Budget for FY2026-27 stood at approximately ₹12.2 lakh crore, compared with ₹11.2 lakh crore in FY2025-26.

Trishakti's fleet is deployed across Renewable Energy, Infrastructure & EPC, Steel & Industrials, Railways & Government, and Oil, Gas & Power. Renewable Energy is the largest single vertical, accounting for approximately 48% of the deployed fleet as of FY26. Customers increasingly prefer renting specialised lifting equipment to avoid upfront capital outlay, depreciation, and maintenance obligations.