Zenith Fibres promoter Rungta increases stake to 34.38%

1 min read Updated on 19 Jun 2026, 10:59 AM

Reviewed by

Anirudha BScanX News Team

AI Summary

Mrs. Pinky Rungta increased her stake in Zenith Fibres Limited to 34.38% by acquiring 1,03,500 shares on June 16, 2026, via inter-se transfer and open market purchase. Simultaneously, Alpha Stitch-Art Pvt. Ltd. sold 1,03,500 shares, reducing its holding to 8.79%. The company's paid-up equity share capital remains ₹3,94,41,360.

*this image is generated using AI for illustrative purposes only.

Mrs. Pinky Rungta, a promoter of Zenith Fibres Limited , has increased her shareholding in the company to 34.38% through the acquisition of 1,03,500 equity shares on June 16, 2026. The acquisition was executed through a combination of inter-se transfer among promoters and an open market purchase, as disclosed under Regulation 10(6) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Concurrently, Alpha Stitch-Art Pvt. Ltd., a promoter group entity, divested 1,03,500 shares, reducing its stake to 8.79%.

The transaction involved the transfer of 1,00,000 shares, representing 2.54% of the total share capital, from Alpha Stitch-Art Pvt. Ltd. via inter-se transfer. Additionally, Rungta purchased 3,500 shares, accounting for 0.09% of the capital, through an open market transaction on the same date. Prior to this acquisition, Rungta held 31.85% of the company's equity shares, while Alpha Stitch-Art Pvt. Ltd. held 11.41%.

Following the acquisition, Rungta's total holding in Zenith Fibres Limited stands at 13,56,022 equity shares. The total paid-up equity share capital of the company remains at ₹3,94,41,360, divided into 39,44,136 equity shares of ₹10 each. The disclosure was submitted to BSE Limited, where the company's shares are listed under scrip code 514266.

The acquisition details confirm that no shares were encumbered, and no warrants or convertible securities were involved in the transaction. The total diluted share capital of the company was reported as not applicable (N.A.) in the filing. Ashish Aggarwal, Director of Alpha Stitch-Art Pvt. Ltd., signed the disclosures on June 18, 2026.

Shareholding Details

Description	Number of Shares	% of Total Share Capital
Holding Before Acquisition
Mrs. Pinky Rungta	12,56,022	31.85%
Alpha Stitch-Art Pvt. Ltd.	4,50,000	11.41%
Acquisition Details
Inter Se Transfer	1,00,000	2.54%
Open Market Purchase	3,500	0.09%
Total Acquired	1,03,500	2.62%
Holding After Acquisition
Mrs. Pinky Rungta	13,56,022	34.38%
Alpha Stitch-Art Pvt. Ltd.	3,46,500	8.79%

Historical Stock Returns for Zenith Fibres

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.51%	+2.05%	+1.26%	-10.20%	-27.38%	-17.44%

Does Mrs. Pinky Rungta intend to further increase her stake beyond the current 34.38% in the near future?

How will this consolidation of promoter ownership influence Zenith Fibres' strategic decision-making moving forward?

Is Alpha Stitch-Art Pvt. Ltd. planning a complete exit from the company, or was this divestment purely for portfolio rebalancing?

Read Next Article

Pinky Rungta to acquire 2.54% stake in Zenith Fibres

2 min read Updated on 09 Jun 2026, 05:35 PM

Reviewed by

Suketu GScanX News Team

Add as a preferred
source on Google

AI Summary

Mrs. Pinky Rungta, a promoter of Zenith Fibres Limited, will acquire up to 1,00,000 equity shares (2.54%) from Alpha Stitch-Art Pvt. Ltd. on or after June 16, 2026. The inter-se transfer is exempt from the open offer requirements under SEBI (SAST) Regulations. Post-acquisition, Mrs. Rungta's stake will increase to 34.38%, while the seller's holding will decrease to 8.87%.

*this image is generated using AI for illustrative purposes only.

Mrs. Pinky Rungta, a promoter of Zenith Fibres Limited , plans to acquire up to 1,00,000 equity shares, representing 2.54% of the company's total share capital, through an inter-se transfer. The acquisition is scheduled to occur on or after June 16, 2026, in one or more tranches. The shares will be transferred from Alpha Stitch-Art Pvt. Ltd., another entity within the promoters' group. This transaction will not alter the aggregate shareholding of the Promoters and Promoters Group.

The disclosure was made to BSE Limited on June 9, 2026, in compliance with Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transfer relies on an exemption provided under Regulation 10(1)(a)(ii), as the transferor and transferee are named as promoters in the shareholding pattern for not less than three years prior to the proposed acquisition. Consequently, the acquirer is not required to make a public open offer.

The acquisition price will not exceed the limits specified under the relevant regulations. The volume weighted average market price for the 60 trading days preceding the notice was ₹50.50 on BSE Limited. Mrs. Pinky Rungta confirmed that the acquisition price would not be higher by more than 25% of this computed price. She further confirmed that both the transferor and transferee have complied with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011.

Following the transaction, Mrs. Pinky Rungta's individual shareholding will increase from 12,56,022 shares (31.85%) to 13,56,022 shares (34.38%). The total shareholding of the acquirer and Persons Acting in Concert (PACs) will rise from 13,98,092 shares (35.45%) to 14,98,092 shares (37.98%). Conversely, Alpha Stitch-Art Pvt. Ltd., the seller, will see its stake reduce from 4,50,000 shares (11.41%) to 3,50,000 shares (8.87%).

Shareholding Pattern Changes

Entity	Before Transaction		After Transaction
	No. of shares	%	No. of shares	%
Acquirer and PACs
PINKY RUNGTA	1256022	31.85	1356022	34.38
AARTI B AGGARWAL	2000	0.05	2000	0.05
SANJEEV RUNGTA	2800	0.07	2800	0.07
AMAN RUNGTA	20570	0.52	20570	0.52
ALPHA OVERSEAS INTERNATIONAL PVT LTD	116700	2.96	116700	2.96
Total (A)	1398092	35.45	1498092	37.98
Seller
ALPHA STITCH-ART PVT LTD	450000	11.41	350000	8.87