Akshat Jain has made a substantial acquisition of equity shares in E & E Enterprises Limited, as disclosed in a regulatory filing dated February 18, 2026. The acquisition was made through open market purchase and has been reported under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The share acquisition transaction involved the purchase of 7,011 equity shares on February 17, 2026, through open market operations. These shares represent 2.92% of the company's total share capital and voting rights.

Shareholding Pattern Changes

Prior to this acquisition, Akshat Jain held 6,303 equity shares, representing 2.63% of E & E Enterprises Limited's total share capital. Following the purchase, his individual shareholding has increased significantly.

Company and Regulatory Information

E & E Enterprises Limited has 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. Akshat Jain does not belong to the promoter or promoter group of the company.

The disclosure also identifies Niharika Jain as a Person Acting in Concert (PAC) with Akshat Jain, holding 4,011 shares representing 1.67% of the total share capital. The PAC's holding remained unchanged during this transaction.

Compliance and Documentation

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 the same rights and features as the existing equity shares of the company, 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.