Chaturvedi Family Acquires 95% Combined Stake in Viksit Engineering Under SEBI Disclosure
The Chaturvedi family has disclosed substantial acquisitions totaling 95% stake in Viksit Engineering Limited under SEBI regulations. Kushal Chaturvedi acquired 2,35,000 shares (94%) while Ruchika Chaturvedi acquired 2,500 shares (1%) through preferential allotment pursuant to NCLT-approved resolution plan, with both filing mandatory disclosures as promoter group members.
*this image is generated using AI for illustrative purposes only.
The Chaturvedi family has disclosed substantial acquisitions in Viksit Engineering Limited under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Both Kushal Chaturvedi and Ruchika Chaturvedi filed separate mandatory disclosures with BSE Limited on March 27, 2026, following preferential allotment pursuant to an NCLT-approved resolution plan.
Combined Share Acquisition Details
The acquisitions involve a total of 2,37,500 fully paid-up equity shares at a face value of ₹10 each, totaling ₹23,75,000. Kushal Chaturvedi acquired 2,35,000 shares while Ruchika Chaturvedi acquired 2,500 shares. The shares were allotted pursuant to a resolution plan approved by the National Company Law Tribunal, Mumbai Bench on February 11, 2025.
| Acquirer Details: | Shares Acquired | Face Value (₹) | Total Value (₹) | Ownership (%) |
|---|---|---|---|---|
| Kushal Chaturvedi: | 2,35,000 | 10 | 23,50,000 | 94% |
| Ruchika Chaturvedi: | 2,500 | 10 | 25,000 | 1% |
| Combined Total: | 2,37,500 | 10 | 23,75,000 | 95% |
Shareholding Pattern Transformation
Following the acquisitions, significant changes occurred in Viksit Engineering's shareholding structure. The company's equity share capital increased substantially from ₹1,25,000 comprising 12,500 equity shares to ₹25,00,000 comprising 2,50,000 equity shares. The Chaturvedi family emerged as the controlling shareholders with a combined 95% ownership stake.
| Shareholding Details: | Pre-Transaction | Post-Transaction | Percentage |
|---|---|---|---|
| Kushal Chaturvedi: | 0 shares | 2,35,000 shares | 94% |
| Ruchika Chaturvedi: | 0 shares | 2,500 shares | 1% |
| Combined Holding: | 0 shares | 2,37,500 shares | 95% |
Regulatory Compliance and PAC Structure
Both acquisitions were made pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Ruchika Chaturvedi, daughter of Mr. Raj Kumar Pathak, filed her disclosure identifying herself as the acquirer with Kushal Chaturvedi as a person acting in concert (PAC). Similarly, Kushal Chaturvedi's earlier filing identified Ruchika Chaturvedi as a PAC, confirming their coordinated acquisition strategy.
NCLT Resolution Plan Implementation
The preferential allotments stem from a resolution plan approved by the NCLT Mumbai Bench on February 11, 2025. Viksit Engineering Limited, incorporated in 1983 and listed on BSE Limited, has its registered office at Room No. 1-2, Kapadia Chambers, 51, Bharuch Street, Masjid Bunder (E), Mumbai. Both acquirers belong to the promoter group, with their combined shareholding exceeding the 5% threshold that triggers mandatory SEBI disclosure requirements.
Comprehensive SEBI Disclosure Framework
The detailed disclosures submitted to BSE Limited include comprehensive information about pre and post-acquisition shareholding patterns, mode of acquisition through preferential allotment, and confirmation of promoter group status. Both filings confirm that the acquisitions were made in strict compliance with the NCLT order and SEBI regulations, with the allotment date recorded as March 27, 2026.
What strategic initiatives might the Chaturvedi family implement now that they control 95% of Viksit Engineering Limited?
How could this significant ownership consolidation impact Viksit Engineering's stock liquidity and trading volumes on BSE?
Will the new controlling shareholders consider delisting Viksit Engineering from BSE given their dominant stake?
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