NewsOrders & DealsAkhil Mittal Increases Shareholding in Ramchandra Leasing & Finance to 27.17% Through Inter-Se TransferAkhil Mittal Increases Shareholding in Ramchandra Leasing & Finance to 27.17% Through Inter-Se Transfer
Akhil Mittal, a promoter of Ramchandra Leasing & Finance Limited, acquired 2,72,500 additional equity shares through inter-se transfer on January 13, 2026, increasing his shareholding from 26.84% to 27.17%. The transaction was conducted under a Share Purchase Agreement dated November 29, 2024, and disclosed in compliance with SEBI regulations. Following the acquisition, Mittal's total holding stands at 2,20,54,981 shares in the BSE-listed financial services company.
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Promoter Akhil Mittal has increased his stake in Ramchandra Leasing & Finance Limited through the acquisition of additional equity shares. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 15, 2026.
Transaction Details
The acquisition involved 2,72,500 equity shares, representing 0.33% of the company's total share capital. The shares were acquired through an inter-se transfer mechanism on January 13, 2026, in compliance with a Share Purchase Agreement dated November 29, 2024.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 2,72,500 |
| Acquisition Percentage: | 0.33% |
| Transaction Date: | January 13, 2026 |
| Mode of Acquisition: | Inter-Se Transfer |
| Agreement Reference: | Share Purchase Agreement dated November 29, 2024 |
Shareholding Pattern Changes
Prior to this transaction, Akhil Mittal held 2,17,82,481 shares, representing 26.84% of the company's voting capital. Following the acquisition, his total shareholding increased to 2,20,54,981 shares, constituting 27.17% of the total voting capital.
| Shareholding Details: | Before Acquisition | After Acquisition | Change |
|---|---|---|---|
| Number of Shares: | 2,17,82,481 | 2,20,54,981 | +2,72,500 |
| Percentage Holding: | 26.84% | 27.17% | +0.33% |
| Voting Rights: | 26.84% | 27.17% | +0.33% |
Company Information
Ramchandra Leasing and Finance Limited is listed on BSE Limited. The company's total equity share capital remains unchanged at ₹8,11,62,000 both before and after the transaction. Akhil Mittal is identified as belonging to the promoter group of the company.
Regulatory Compliance
The disclosure confirms that no shares were held under encumbrance, and no voting rights were acquired through instruments other than equity shares. The transaction did not involve any warrants, convertible securities, or other instruments that would entitle the acquirer to receive additional voting rights in the company. The formal disclosure was digitally signed by Akhil Mittal and submitted to both BSE Limited and the company's management on January 15, 2026.
