Sarvamangal Mercantile Company Limited , a BSE-listed entity, has witnessed a significant change in its shareholding pattern as members of the promoter group increased their stake in the company through off-market transactions.

Key Highlights of the Acquisition

• Varun Somani and Vandana Somani, part of the promoter group, acquired a total of 22,500 shares, representing 9.04% of the company's equity.
• Vandana Somani acquired 9,500 shares (3.82% stake)
• Varun Somani acquired 13,000 shares (5.22% stake)
• The promoter group's combined holding increased from 50.76% to 59.80% following the transaction.

Shareholding Details Post-Acquisition

The updated shareholding of the promoter group members is as follows:

Transaction Details

The acquisition was executed through off-market transactions, as disclosed in the filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to comply with regulatory requirements for substantial share acquisitions.

Company Information

Sarvamangal Mercantile Company Limited is listed on the BSE Limited. The company's total equity share capital stands at Rs. 24,90,000, consisting of 2,49,000 shares. The recent transaction has not altered the company's share capital structure.

This move by the promoter group to increase their stake could be seen as a sign of confidence in the company's prospects. However, the specific reasons for the stake increase were not disclosed in the regulatory filing.

Sarvamangal Mercantile Company Limited , a publicly traded company, has experienced a significant change in its shareholding structure. Meenul Metallizing Pvt Ltd, a promoter of the company, has increased its stake through recent off-market transactions.

Key Details of the Share Acquisition

Meenul Metallizing Pvt Ltd acquired 11,900 shares, representing 4.78% of the total voting rights, through off-market transactions conducted between August 19-21. This acquisition has resulted in a substantial increase in their shareholding, from 8.23% to 13.01% of the company's voting capital.

Transaction Structure

The share acquisition was executed through off-market transactions, indicating a direct deal between the buyer and seller outside the regular stock market trading mechanism.

Impact on Shareholding

This acquisition has led to a notable shift in the company's shareholding pattern:

Company Overview

Sarvamangal Mercantile Company Limited is listed on BSE Limited. The company has a total equity share capital of 2,490,000 shares.

Regulatory Implications

As this transaction involves a significant increase in shareholding by a promoter entity, it may be subject to regulatory disclosures and compliance requirements as per SEBI guidelines.

This development underscores the dynamic nature of shareholding patterns in publicly listed companies and highlights the importance of monitoring such changes for investors and market participants.