In a series of strategic moves, Jigar Cables Limited has witnessed substantial changes in its shareholding structure, with two significant stake acquisitions through preferential issues.

Non-Promoter Acquisition

Sangitaben Niteshbhai Vaghasiya, a non-promoter investor, has acquired a substantial stake in Jigar Cables Limited. Vaghasiya obtained 500,000 shares through a preferential issue via conversion of warrants. This acquisition has significantly increased her shareholding from 274,000 shares (3.90%) to 774,000 shares, representing 8.59% of the company's voting rights.

Vaghasiya is acting in concert with Nitesh P. Vaghasiya (HUF) and Nitesh P. Vaghasiya, although they are not part of the promoter group.

Promoter Group Acquisition

In a parallel development, Ramnik Parshottambhai Vaghasiya, a member of the promoter group, also acquired a substantial stake in the company. Through a preferential issue involving the conversion of warrants, Vaghasiya acquired 700,000 shares.

This acquisition increased Ramnik Parshottambhai Vaghasiya's shareholding from 315,000 shares (4.48%) to 1,015,000 shares, now representing 11.26% of the company's voting rights.

Impact on Share Capital

Following these transactions, Jigar Cables' total equity share capital expanded significantly:

The preferential issues have resulted in a 28.15% increase in the company's total number of outstanding shares.

Market Information

Jigar Cables Limited's shares are listed on the BSE Limited. The significant changes in shareholding structure and the expansion of equity capital may attract investor attention in the coming trading sessions.

These strategic moves demonstrate the confidence of both promoter and non-promoter investors in Jigar Cables Limited's future prospects. The increased stakes of key shareholders and the expansion of the company's equity base could potentially influence its market dynamics and future growth strategies.

Jigar Cables Limited , a BSE-listed company, has witnessed a significant change in its shareholding pattern following a preferential issue. Ramnik Parshottambhai Vaghasiya, a promoter of the company, has substantially increased his stake through the conversion of warrants.

Transaction Details

Ramnik Parshottambhai Vaghasiya acquired 700,000 shares of Jigar Cables Limited through a preferential issue involving the conversion of warrants. This strategic move has resulted in a notable increase in his shareholding:

• Pre-acquisition holding: 315,000 shares (4.48% of total voting rights)
• Post-acquisition holding: 1,015,000 shares (11.26% of total voting rights)

Impact on Company's Equity Structure

The preferential issue has led to an expansion of Jigar Cables' equity share capital:

Additional Promoter Group Activity

The LODR data also reveals another significant transaction within the promoter group:

• Acquirer: Sangitaben Niteshbhai Vaghasiya
• Persons Acting in Concert (PAC): Nitesh P. Vaghasiya (HUF) and Nitesh P. Vaghasiya
• Acquisition: 500,000 shares
• Mode: Preferential Issue (through conversion of warrants)
• Post-acquisition holding: 774,000 shares (8.59% of total voting rights)

Market Implications

These transactions demonstrate a strong commitment from the promoter group to Jigar Cables Limited. The increased stakes through preferential allotments often signal confidence in the company's future prospects and may be viewed positively by the market.

Investors and market watchers will likely monitor how these changes in shareholding pattern might influence the company's strategic decisions and overall performance in the coming months.