Indian Link Chain Manufactures has seen a significant development in its ownership structure as ASCENTEDGE ADVISORS LLP acquired a substantial stake through a preferential allotment of warrants. This acquisition marks a notable change for both the acquirer and the target company.

Acquisition Details

ASCENTEDGE ADVISORS LLP has acquired 5,00,000 warrants/convertible securities in Indian Link Chain Manufactures. This acquisition represents 6.27% of the company's total diluted share capital. The transaction took place through a preferential allotment.

Shareholding Impact

Prior to this transaction, ASCENTEDGE ADVISORS LLP held no shares in the target company. The acquisition of these warrants has given them a significant foothold in Indian Link Chain Manufactures. It's worth noting that ASCENTEDGE ADVISORS LLP is not part of the promoter group of the company.

Company Capital Structure

Following the transaction, the equity share capital of Indian Link Chain Manufactures remains unchanged at 26,75,000 shares. However, the total diluted share capital now stands at 79,75,000 shares, reflecting the potential impact of the newly issued warrants.

Market Listing

Indian Link Chain Manufactures' shares are listed on BSE Limited, providing liquidity and trading opportunities for investors.

Regulatory Compliance

The acquisition has been reported in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This ensures transparency in the transaction and keeps the market informed about significant changes in shareholding patterns.

Acquirer Details

ASCENTEDGE ADVISORS LLP, the acquirer in this transaction, is based in Mumbai. Their registered address is Next 13 122, Ramabai, Ambedkar Nagar EEH Road, Mumbai, 400075. The firm's PAN is ACEFA4623K, and the disclosure was signed by Harsh Jain, a Designated Partner with DIN: 10469303.

This acquisition by ASCENTEDGE ADVISORS LLP could potentially influence the future direction and strategy of Indian Link Chain Manufactures. Investors and market watchers will likely keep a close eye on any subsequent developments or changes in the company's operations following this significant stake acquisition.

Indian Link Chain Manufactures Limited (ILCML) has successfully raised ₹10.83 crore through a preferential allotment of equity shares and convertible warrants to non-promoter investors. The company's Allotment Committee approved the issuance in a meeting held on September 17, 2025.

Equity Share Allotment

ILCML allotted 2,00,000 equity shares at ₹71.00 per share to Atul Chauhan (HUF) in the non-promoter category, raising ₹1.42 crore. The shares, with a face value of ₹10.00 each, were issued at a premium of ₹61.00 per share. This allotment has increased the company's paid-up share capital from ₹2.48 crore to ₹2.68 crore.

Convertible Warrants Issuance

In addition to the equity shares, the company allotted 53,00,000 convertible warrants at ₹71.00 per warrant to eight non-promoter investors. The total value of these warrants amounts to ₹37.63 crore. ILCML has received 25% of the warrant issue price, totaling ₹9.41 crore.

Major Warrant Allottees

The significant warrant allottees include:

Other allottees include Atul Chauhan HUF, Sachin Shetty, Rizwana Nagarkar, Mahadev Karbhari Bangar, and Singhvi Heritage LLP.

Impact on Share Capital

Following this allotment, ILCML's issued and paid-up equity share capital has increased from ₹2,47,50,000 (24,75,000 equity shares) to ₹2,67,50,000 (26,75,000 equity shares), with each share having a face value of ₹10.00.

Pari-Passu Ranking

The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects.

This strategic move by Indian Link Chain Manufacturers Limited aims to strengthen its capital base and potentially fund future growth initiatives. The successful raising of funds through this preferential allotment demonstrates investor confidence in the company's prospects.