Sunita Tools Limited , a company listed on the BSE (Scrip Code: 544001), has reported significant changes in its promoter shareholding. Two promoters, Sanjay Pandey and Satish Pandey, have reduced their stakes in the company through open market transactions on November 3, 2025.

Sanjay Pandey's Stake Reduction

Sanjay Pandey, a promoter of Sunita Tools Limited, disposed of 1,31,500 shares through open market transactions. This sale has resulted in a decrease in his shareholding from 15,86,600 shares (25.26% of the total share capital) to 14,55,100 shares (23.17% of the total share capital).

Satish Pandey's Stake Reduction

In a separate transaction on the same day, Satish Pandey, another promoter of the company, sold 1,80,000 shares in the open market. This sale reduced his shareholding from 14,35,630 shares (22.86% of the total share capital) to 12,55,630 shares (19.99% of the total share capital).

Impact on Promoter Holding

The combined effect of these transactions has led to a significant reduction in the promoter holding of Sunita Tools Limited. Here's a breakdown of the changes:

Company Details

• Company Name: Sunita Tools Limited
• CIN: U29220MH1988PLC045850
• Stock Exchange: BSE Limited
• ISIN: INE0Q1S01010
• Total Equity Share Capital: 62,80,461 shares (unchanged after the transactions)

These disclosures were made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's total equity share capital remains unchanged at 62,80,461 shares following these transactions.

Investors and market participants may want to note these changes in promoter shareholding, as they could potentially impact the stock's performance and market perception. However, it's important to consider that share sales by promoters can occur for various reasons and may not necessarily reflect on the company's fundamental performance or future prospects.

Sunita Tools Limited (STL) has successfully completed the conversion of 47,385 warrants into equity shares, raising Rs. 1.15 crore in the process. The company's board approved the allotment on October 30, 2025, marking a significant corporate action for the firm.

Warrant Conversion Details

The conversion of warrants into equity shares was executed at an issue price of Rs. 325.00 per share, which includes a premium of Rs. 315.00 each. This move has led to an increase in the company's paid-up equity capital, as detailed in the following table:

Allottee Details

The warrant conversion involved two allottees:

1. Shruti Sanjay Pandey (Promoter Group): 24,615 shares
2. Niranjan Ishwardas Sheth (Public Category): 22,770 shares

Financial Implications

The company received Rs. 1,15,50,093.75 as the balance 75% payment from the warrant holders. This amount represents the remaining portion of the total issue price, as the initial 25% was paid at the time of warrant issuance.

Historical Context

The warrants were originally issued on July 4, 2024, with a provision for conversion within 18 months from the date of allotment. The initial payment structure was as follows:

• 25% upfront payment: Rs. 81.25 per warrant
• 75% payment upon conversion: Rs. 243.75 per warrant

Regulatory Compliance

STL has adhered to the SEBI (ICDR) Regulations, 2018 throughout this process. The company had received in-principle approval from BSE Limited for this preferential allotment on June 20, 2024.

Current Status

Following this conversion, there are no outstanding warrants as of October 30, 2025. The newly allotted shares will rank pari-passu with the existing equity shares of the company.

This warrant conversion and subsequent equity infusion may potentially strengthen Sunita Tools Limited's financial position, providing additional capital for its operations or expansion plans.