Following the recent acquisition by Akshat Jain, Niharika Jain has now made her own substantial acquisition of equity shares in E & E Enterprises Limited. The latest transaction, disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, was filed on February 21, 2026.

Latest Transaction Details

Niharika Jain acquired 5,000 equity shares on February 20, 2026, through open market operations. This acquisition represents 2.08% of the company's total share capital and voting rights.

Updated Shareholding Pattern

Prior to this acquisition, Niharika Jain held 4,011 equity shares representing 1.67% of E & E Enterprises Limited's total share capital. Her individual shareholding has now increased to 3.75%.

Sequential Acquisitions Timeline

The recent transactions show coordinated activity between the acquirer and Person Acting in Concert (PAC). Akshat Jain's earlier acquisition on February 17, 2026, increased his holding from 2.63% to 5.55% through the purchase of 7,011 shares. This was followed by Niharika Jain's acquisition three days later.

Company Information and Compliance

E & E Enterprises Limited maintains a total equity share capital of 2,40,000 equity shares of Rs. 10 each, fully paid up. The company's shares are listed on the Bombay Stock Exchange Limited. Neither Niharika Jain nor Akshat Jain belong to the promoter or promoter group of the company.

The disclosure has been filed with the Bombay Stock Exchange Limited and copied to the Compliance Officer of E & E Enterprises Limited at their registered office in Mumbai. The acquired shares carry identical rights and features as existing equity shares, with no special conversion ratios or redemption features applicable.

E & E Enterprises Limited (formerly The Swastik Safe Deposit & Investments Limited) announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing a challenging quarter amid significant business transformation. The company reported a net loss of ₹5.03 lakhs for Q3FY26, contrasting sharply with the profit of ₹15.63 lakhs achieved in the corresponding quarter of the previous year.

Financial Performance Overview

The company's financial performance for the quarter reflects the impact of its strategic business pivot. Total income declined substantially to ₹4.04 lakhs in Q3FY26 from ₹27.75 lakhs in Q3FY25, representing an 85.44% decrease year-on-year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, E & E Enterprises demonstrated relatively better performance despite the business transition challenges. The company recorded a net profit of ₹27.05 lakhs compared to ₹43.80 lakhs in the corresponding period of the previous year.

Major Business Transformation

The company underwent a significant strategic transformation during the reporting period. E & E Enterprises voluntarily surrendered its Certificate of Registration as a Non-Banking Financial Company to the Reserve Bank of India, which was officially cancelled through RBI's order dated July 24, 2025. Following this development, the company amended its Memorandum of Association to reflect new business objectives.

The company's new principal business activities include acquiring, promoting, and managing hotels, restaurants, cafes, rest houses, and dealing in movable and immovable properties for development, investment, leasing, or resale.

Earnings Per Share and Capital Structure

The company's earnings per share reflected the quarterly loss, with basic and diluted EPS of (₹2.10) for Q3FY26 compared to ₹6.51 in Q3FY25. For the nine-month period, EPS stood at ₹11.27 versus ₹18.25 in the previous year. The paid-up equity share capital remained stable at ₹24.00 lakhs with a face value of ₹10 per share.

Operational Expenses and New Business Income

The company's expense structure showed an increase in total expenses to ₹10.97 lakhs in Q3FY26 from ₹10.42 lakhs in Q3FY25. Notably, the company recorded depreciation and amortisation expense of ₹7.03 lakhs in the current quarter, which was absent in the previous year quarter. Other expenses decreased to ₹3.94 lakhs from ₹10.42 lakhs year-on-year. The financial results indicate that E & E Enterprises is in the early stages of establishing its new business operations in the hospitality and real estate sectors, with the current quarter's performance reflecting transition-related challenges and initial investment requirements.