Padam Dugar acquires 15.01% stake in Colinz Laboratories
Padam Dugar and Persons Acting in Concert acquired a 15.01% stake in Colinz Laboratories Limited via an off-market purchase of 3,78,000 shares on May 21, 2026. The transaction was disclosed under SEBI regulations, with the acquirers holding no shares prior to the deal.

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Padam Dugar, along with Persons Acting in Concert (PAC), has acquired a 15.01% stake in Colinz Laboratories Limited through an off-market transaction executed on May 21, 2026. The acquisition, disclosed to BSE Limited under Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, involved the purchase of 3,78,000 equity shares. The acquirers do not belong to the promoter or promoter group of the target company. The company received the requisite disclosures on May 22, 2026, and May 25, 2026, confirming the transaction details.
Details of the Acquisition
The acquisition was structured as an off-market purchase, involving direct transfers between parties. The total equity share capital of Colinz Laboratories remains unchanged at Rs. 2,51,91,000, divided into 25,19,100 fully paid-up equity shares of Rs. 10 each. The acquirers included Padam Dugar, Annjana Dugar, Likhitta Dugar, and Antariksh Dugar. Prior to this transaction, the holding of all acquirers was nil.
Shareholding Breakdown
The following table details the shares acquired by each individual and their resulting post-transaction holdings:
| Acquirer | Shares Acquired | % of Total Share Capital | Post-Transaction Holding |
|---|---|---|---|
| Padam Dugar | 3,16,000 | 12.54% | 3,16,000 |
| Annjana Dugar | 40,000 | 1.59% | 40,000 |
| Likhitta Dugar | 11,000 | 0.44% | 11,000 |
| Antariksh Dugar | 11,000 | 0.44% | 11,000 |
| Total | 3,78,000 | 15.01% | 3,78,000 |
The disclosures were signed by the acquirers on May 25, 2026. Ganesh Chitte, the CFO of Colinz Laboratories, submitted the intimation to the exchange.
Historical Stock Returns for Colinz Laboratories
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +15.25% | +8.62% | +26.13% | -15.12% | +274.49% |
Will Padam Dugar and the PAC seek board representation given their substantial 15.01% stake?
Is this acquisition a strategic investment or a prelude to a potential open offer for takeover?
How might this significant stake accumulation by a non-promoter group influence Colinz Laboratories' stock volatility?


































