Yug Decor promoter corrects shareholding disclosure error
Nisha Chandresh Saraswat corrected a typographical error in her SEBI (SAST) disclosure for Yug Decor Limited, confirming her post-acquisition stake is 7.82% rather than the previously reported 24.63%. The acquisition of 25,875 shares occurred on June 5, 2026, increasing her holding from 12,40,187 shares to 12,66,062 shares.
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Nisha Chandresh Saraswat, a member of the Promoter Group, has corrected a typographical error in her disclosure regarding the shareholding in yug decor . The revised submission to BSE Limited confirms that her stake stands at 7.82% following an open market acquisition, correcting a previously reported figure of 24.63%. The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The acquisition involved the purchase of 25,875 shares with a face value of ₹10 each on June 5, 2026. This transaction represents 0.16% of the total issued and paid-up equity share capital of the company. Prior to this purchase, Saraswat held 12,40,187 shares, which accounted for 7.66% of the share capital. The total diluted share/voting capital remains unchanged at ₹16,18,33,440, divided into 1,61,83,344 shares of ₹10 each.
Shareholding Details
The following table outlines the changes in Nisha Chandresh Saraswat's shareholding as per the revised disclosure:
| Description | Number of Shares | % of Total Share Capital | % of Total Diluted Share Capital |
|---|---|---|---|
| Holding Before Acquisition | |||
| Shares carrying voting rights | 12,40,187 | 7.66% | 7.66% |
| Acquisition Details | |||
| Shares acquired on June 5, 2026 | 25,875 | 0.16% | 0.16% |
| Holding After Acquisition | |||
| Shares carrying voting rights | 12,66,062 | 7.82% | 7.82% |
The revised disclosure letter addressed to BSE Limited clarified that the error was purely clerical, with no change in the number of shares acquired or transaction details. The acquisition was made solely in shares carrying voting rights, with no changes reported in encumbered shares, warrants, or other convertible securities.
Historical Stock Returns for Yug Decor
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.33% | +25.97% | +69.78% | -2.57% | -14.15% | +196.22% |
Does this acquisition signal a potential increase in promoter group stake in the near future?
How might the market interpret this move amidst the correction of the previous disclosure error?
Could this acquisition be part of a broader strategy to consolidate voting power within the promoter group?
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