Pennar Industries has received substantial acquisition disclosure from Bandhan Mutual Fund, marking a significant institutional investment milestone. The mutual fund has crossed the 5% shareholding threshold, triggering mandatory regulatory disclosure under SEBI regulations.

Transaction Details

Bandhan Mutual Fund, operating through its Bandhan Small Cap Fund scheme, completed the share acquisition on April 13, 2026. The transaction involved purchasing equity shares through open market operations, demonstrating active institutional participation in the company's stock.

Shareholding Analysis

The acquisition has resulted in a notable increase in Bandhan Mutual Fund's ownership stake in Pennar Industries. The fund's holding has grown from 4.96% to 5.05%, representing a strategic investment in the small-cap segment.

Company Capital Structure

Pennar Industries maintains a stable capital structure with no changes resulting from this transaction. The company's equity base remains consistent, with the mutual fund's acquisition representing a secondary market transaction.

Regulatory Compliance

The disclosure was filed under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Bandhan AMC Limited, serving as the investment manager, completed the necessary regulatory formalities on April 16, 2026. The fund confirmed it does not belong to the promoter or promoter group category, maintaining its status as an independent institutional investor.

Vijayalaxmi Khatri, Chief Compliance Officer at Bandhan AMC Limited, signed the official disclosure documents submitted to both BSE Limited and National Stock Exchange of India Limited. The company's registered and corporate offices are located in Hyderabad, Telangana, with CIN L27109TG1975PLC001919.

This acquisition reflects institutional confidence in Pennar Industries' business prospects and aligns with Bandhan Small Cap Fund's investment strategy focused on small-cap opportunities in the Indian equity market.

Pennar Industries has completed the dispatch of its Extra-Ordinary General Meeting (EGM) notice and published newspaper advertisements confirming the meeting details. The company announced completion of notice distribution through electronic mode on April 15, 2026, followed by newspaper publications on April 16, 2026, for the EGM scheduled on May 8, 2026.

Newspaper Publication Details

The company published advertisements in two newspapers on April 16, 2026, informing stakeholders about the EGM notice dispatch completion and e-voting arrangements. The publications were made in compliance with Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

EGM Meeting Arrangements

The EGM will be conducted on May 8, 2026 at 11:00 AM IST through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) without physical presence of members at a common venue. The deemed venue for the meeting will be the company's registered office.

E-Voting Facility and Timeline

In compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI Listing Regulations, the company is providing remote e-voting facility to all eligible members. The e-voting process will be managed by KFin Technologies Limited.

Major Agenda Items

Convertible Equity Warrants Issuance

The primary agenda involves approval for issuing 30,00,000 convertible equity warrants to Pennar Holdings Private Limited on preferential basis, with the Board of Directors having approved this proposal on April 10, 2026.

Fund Utilization Strategy

The company plans to utilize the warrant proceeds for strategic business expansion and operational requirements across three key areas.

Director Re-appointment

The second agenda item involves re-appointing Mr. RVS Ramakrishna (DIN: 00009421) as Independent Director for a second term of 5 years from June 4, 2026 to June 3, 2031, requiring special resolution approval under SEBI LODR Regulations.

Notice Accessibility and Compliance

The EGM notice has been made available across multiple platforms for member accessibility. Physical copies have been dispensed with as per MCA and SEBI circulars, with electronic distribution completed on April 15, 2026.

The notification was signed by Mirza Mohammed Ali Baig, Company Secretary & Compliance Officer (ACS29058), and communicated to both BSE Limited and The National Stock Exchange of India Limited.