Filtron Engineers Limited witnessed a major ownership transformation as Jayesh Rawal acquired a substantial 35.42% stake through preferential allotment on December 17, 2025. The acquisition, disclosed under SEBI Regulation 29, marks Rawal's transition from zero shareholding to becoming a proposed promoter of the company.

Acquisition Details

Jayesh Rawal acquired 2.25 crore equity shares of ₹10 each through preferential allotment, representing a significant stake in the company's expanded equity base:

Pre and Post Acquisition Holdings

The regulatory filing reveals a complete transformation in Rawal's shareholding pattern:

Capital Structure Impact

The preferential allotment has significantly expanded Filtron Engineers' equity base, reflecting the company's strategic capital restructuring:

Promoter Status Transition

Jayesh Rawal's acquisition represents his emergence as a proposed promoter of Filtron Engineers, transitioning from non-promoter status to holding a commanding stake in the company. This substantial acquisition aligns with the company's recent strategic initiatives and capital restructuring activities.

Regulatory Compliance

The disclosure filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, ensures full transparency regarding the ownership change. The preferential allotment method indicates a structured approach to bringing in strategic investors as part of the company's expansion plans.

This significant stake acquisition by Jayesh Rawal positions him as a key decision-maker in Filtron Engineers' future strategic direction and growth initiatives.

FILTRON ENGINEERS LTD. has announced a series of strategic moves that promise to reshape the company's business landscape and capital structure. The Board of Directors has approved several key decisions that will significantly impact the company's future operations and financial position.

Acquisition of Gabrielle Infra Speciality Private Limited

In a bold move to diversify its business portfolio, Filtron Engineers has given the green light to acquire 100% of the share capital of Gabrielle Infra Speciality Private Limited (GISPL), a construction services company. GISPL, incorporated in July 2022, has shown remarkable growth, with its turnover reaching Rs. 72.24 crore.

Capital Restructuring and Share Issuance

To facilitate this acquisition and strengthen its capital base, Filtron Engineers has outlined a comprehensive capital restructuring plan:

1. Authorized Share Capital Increase: Subject to shareholder approval, the company plans to increase its authorized share capital from Rs. 3.50 crore to Rs. 85.00 crore.

2. Equity Share Issuance: The Board has approved the issuance of up to 4.50 crore equity shares at Rs. 10.00 per share, to be allotted as part of the consideration for the GISPL acquisition.

3. Preference Share Issuance: Additionally, 1.92 crore preference shares will be issued as part of the acquisition consideration.

4. Cash Infusion: The company will also issue 1.59 crore equity shares to non-promoters at Rs. 10.00 per share, aiming to raise Rs. 15.90 crore in cash.

Share Purchase Agreements

As part of the restructuring, Filtron Engineers has entered into share purchase agreements with its promoters. These agreements involve the acquisition of 13,68,250 equity shares by Mr. Tarak Bipinchandra Gor and Mr. Jayesh Sheshmal Rawal.

Timeline and Approvals

The company expects to complete the acquisition transaction within 3-4 months, subject to necessary statutory compliances. A postal ballot notice will be issued to seek shareholder approval for the proposed transactions.

Strategic Implications

This acquisition marks Filtron Engineers' entry into the construction services sector, adding a new business line to its operations. The move is likely to diversify the company's revenue streams and potentially enhance its market position.

Conclusion

Filtron Engineers Limited's decision to acquire GISPL and implement a significant capital restructuring plan signals a transformative phase for the company. As these changes unfold, stakeholders will be keenly watching how this strategic shift impacts the company's growth trajectory and financial performance in the coming periods.