Jigar Cables Promoter Ramnik Vaghasiya Boosts Stake to 11.26% Through Preferential Issue

1 min read Updated on 04 Sept 2025, 04:07 PM

Reviewed by

Riya DScanX News Team

Overview

Ramnik Parshottambhai Vaghasiya, a promoter of Jigar Cables Limited, has increased his stake from 4.48% to 11.26% through a preferential issue, acquiring 700,000 shares via warrant conversion. The company's equity share capital expanded from Rs. 7.03 crore to Rs. 9.01 crore. Another promoter group member, Sangitaben Niteshbhai Vaghasiya, along with PACs, acquired 500,000 shares, increasing their holding to 8.59%.

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

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:

Particulars	Pre-Issue	Post-Issue
Equity Share Capital	Rs. 7.03 crore	Rs. 9.01 crore
Number of Shares	70.32 lakh	90.12 lakh
Face Value per Share	Rs. 10.00	Rs. 10.00

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.

Historical Stock Returns for Jigar Cables