NewsCorporate ActionsDeniis Desai Increases Shareholding in Devinsu Trading Limited to 29.17% Through Preferential AllotmentDeniis Desai Increases Shareholding in Devinsu Trading Limited to 29.17% Through Preferential Allotment
Promoter Deniis Desai increased his stake in Devinsu Trading Limited to 29.17% through preferential allotment of 80,000 shares at ₹350.00 per share on January 8, 2026. His shareholding rose from 91,493 shares (18.30%) to 1,71,493 shares (29.17%), expanding the company's share capital from ₹50,00,000 to ₹58,80,000. This follows his earlier acquisition through a Share Purchase Agreement and completion of a mandatory open offer under SEBI regulations.
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Promoter Deniis Desai has substantially increased his shareholding in Devinsu Trading Limited through a preferential allotment, taking his total stake to 29.17% from the previous 18.30%. The disclosure was made on January 9, 2026, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Share Allotment Details
Desai was allotted 80,000 equity shares on January 8, 2026, through preferential allotment. The shares carry a face value of ₹10.00 each and were issued at a premium of ₹340.00 per share.
| Parameter: | Details |
|---|---|
| Shares Allotted: | 80,000 equity shares |
| Face Value: | ₹10.00 per share |
| Premium: | ₹340.00 per share |
| Total Price: | ₹350.00 per share |
| Allotment Date: | January 8, 2026 |
| Mode: | Preferential Allotment |
Shareholding Changes
The preferential allotment has resulted in a significant increase in Desai's shareholding percentage. His total holding has increased from 91,493 shares to 1,71,493 shares.
| Shareholding Position: | Before Allotment | After Allotment | Change |
|---|---|---|---|
| Number of Shares: | 91,493 | 1,71,493 | +80,000 |
| Percentage Holding: | 18.30% | 29.17% | +10.87% |
| Share Capital Base: | ₹50,00,000 | ₹58,80,000 | ₹8,80,000 |
| Total Shares Outstanding: | 5,00,000 | 5,88,000 | 88,000 |
Background and Regulatory Compliance
The current shareholding increase follows Desai's earlier acquisition of 91,493 equity shares through a Share Purchase Agreement with Sunshine Fibre Private Limited dated July 9, 2025. The acquisition was completed on December 22, 2025, representing 18.30% of the company's equity share capital at that time.
The combined effect of the share purchase agreement and the proposed preferential allotment triggered the provisions relating to an open offer under SEBI SAST Regulations. The mandatory open offer has been duly completed as per regulatory requirements.
Company Capital Structure
Following the preferential allotment, Devinsu Trading Limited's equity share capital has expanded from ₹50,00,000 to ₹58,80,000. The total number of outstanding equity shares increased from 5,00,000 to 5,88,000 shares, each carrying a face value of ₹10.00.
The disclosure indicates that Desai belongs to the promoter category of Devinsu Trading Limited, and the company's shares are listed on BSE Limited under scrip code 512445 and scrip ID DEVITRD.
Historical Stock Returns for Devinsu Trading
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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