Yoga Builders discloses 15.38% stake in TMT India Ltd

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Yoga Builders Private Limited holds 7,61,990 shares in TMT India Ltd
  • The stake represents 15.38% of the total and diluted share capital
  • Disclosure filed under Regulation 29(2) of SEBI SAST Regulations 2011
  • Acquirer is not part of the promoter group of TMT India Ltd
  • No encumbrances or convertible securities reported against the holding
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Yoga Builders Private Limited disclosed a holding of 7,61,990 shares in TMT India Ltd, representing 15.38% of the total share capital as on August 20, 2026.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the Bombay Stock Exchange (BSE) and TMT India Ltd on August 20, 2026.

Shareholding Details

Yoga Builders is not part of the promoter or promoter group of TMT India Ltd. The acquirer’s holding consists entirely of shares carrying voting rights.

Metric Shares % w.r.t. Total Share Capital % w.r.t. Diluted Share Capital
Voting Rights 7,61,990 15.38% 15.38%
Encumbrances - - -
Other Voting Rights - - -
Convertible Securities - - -
Total Holding 7,61,990 15.38% 15.38%

The shares are listed on BSE Limited. No encumbrances, pledges, or liens were reported against the holding. There were no warrants or convertible securities disclosed in the filing.

What is Yoga Builders' strategic rationale for acquiring a 15.38% stake in TMT India, and does it signal intent for future board representation or operational synergy?

How might this substantial acquisition impact TMT India's share price volatility and trading volume in the short term following the SEBI disclosure?

Given that Yoga Builders is not part of the promoter group, what are the implications for TMT India's corporate governance and potential shift in control dynamics?

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MDK Properties discloses 14.43% TMT India stake acquisition

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • MDK Properties acquires 14.43% stake in TMT India via open offer
  • Entity formerly known as MK Profinlease joins Scaffold Properties consortium
  • Ms. T G Aruna reduces promoter holding to 14.43% after share sale
  • Transaction executed off-market on August 17, 2026
  • Total equity capital remains unchanged at ₹4,95,38,000
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MDK Properties and Estates Private Limited has acquired a 14.43% stake in TMT India Limited through an open offer. The disclosure, filed on August 20, 2026, confirms the entity's participation in the substantial acquisition of shares under SEBI regulations.

The acquirer, formerly known as MK Profinlease Private Limited, acted as part of a consortium that includes Scaffold Properties Private Limited and Yoga Builders Private Limited. This group initiated a mandatory open offer under the SEBI Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The transaction was executed off-market on August 17, 2026.

Acquisition Details

MDK Properties acquired 7,14,600 equity shares from Ms. T G Aruna, a member of TMT India’s promoter group. Prior to this transaction, MDK Properties held no shares in the listed entity. Post-acquisition, its holding stands at 7,14,600 shares, representing 14.43% of the total voting share capital. The shares are free of encumbrances, pledges, or liens.

Metric Before Acquisition After Acquisition
Shares Held 0 Equity Shares 7,14,600 Equity Shares
Voting Rights % 0.00% 14.43%
Encumbrances NIL NIL

Promoter Group Changes

Ms. Aruna’s holding in TMT India was reduced from 14,29,200 shares (28.85%) to 7,14,600 shares (14.43%). She remains part of the promoter group, along with persons acting in concert (PAC) Mr. Tumbalamgooty Veera Prasad and Mr. Naag Rohit. The total equity share capital of TMT India Limited remains unchanged at ₹4,95,38,000.

The disclosure was submitted to the Bombay Stock Exchange (BSE) under Regulation 29(1) of the SEBI SAST Regulations, 2011. TMT India Limited is listed on BSE under Scrip Code 522171.

How might the consortium's 14.43% stake influence TMT India's corporate governance and strategic direction in the near term?

Will MDK Properties and its consortium partners seek to increase their holding further to gain majority control or board representation?

What are the potential implications for TMT India's stock price volatility following this significant promoter group share transfer?

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