Axentra Corp Limited Promoters Increase Stake to 61.83% Through Share Purchase

1 min read     Updated on 24 Dec 2025, 05:48 PM
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Reviewed by
Radhika SScanX News Team
Overview

Axentra Corp Limited witnessed promoter stake consolidation as Vinoth Kumar Mohanadas and Suseela Kumarappan acquired additional equity shares through a share purchase agreement, raising their combined holding from 60.82% to 61.83%. The acquisition was completed between November 21-December 23 and disclosed under SEBI regulations on December 24.

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Axentra Corp Limited has witnessed a consolidation of promoter holdings as key stakeholders increased their ownership through a strategic share acquisition. The transaction, executed through a share purchase agreement between November 21 and December 23, demonstrates the promoters' continued confidence in the company's prospects.

Acquisition Details

Vinoth Kumar Mohanadas and Suseela Kumarappan, classified as persons acting in concert (PAC), have acquired additional equity shares in Axentra Corp Limited through transfer of equity shares pursuant to execution of share purchase agreement. This acquisition has raised their combined holding in the company from 60.82% to 61.83%.

Acquirer: Shares Acquired Percentage Acquired
Vinoth Kumar Mohanadas 88,154 0.91%
Suseela Kumarappan 9,795 0.10%

Updated Shareholding Pattern

Following the acquisition, the promoters' combined stake in Axentra Corp Limited has increased significantly. The updated shareholding structure reflects a stronger promoter presence in the company's ownership.

Promoter: Previous Holding Current Holding Increase
Vinoth Kumar Mohanadas 54.74% 55.65% 0.91%
Suseela Kumarappan 6.08% 6.18% 0.10%
Combined Holding 60.82% 61.83% 1.01%

Company Capital Structure

The acquisition did not alter Axentra Corp Limited's fundamental capital structure. The company maintains its equity share capital at ₹9.70 crores, comprising 97,00,000 equity shares with a face value of ₹10.00 each. The newly acquired shares rank pari passu with existing equity shares in all respects, including dividend rights.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, ensuring full compliance with regulatory requirements. The formal disclosure was filed with BSE Limited on December 24, where all necessary regulatory filings have been completed.

This strategic acquisition reinforces the promoters' commitment to Axentra Corp Limited while maintaining transparency through proper regulatory disclosures. The increased promoter holding provides stability to the company's ownership structure and demonstrates confidence in its future prospects.

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Axentra Corp Limited Relocates Registered Office Address Within Chennai

1 min read     Updated on 24 Dec 2025, 03:46 PM
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Reviewed by
Riya DScanX News Team
Overview

Axentra Corp Limited has relocated its registered office address within Chennai from Dugar Towers, Egmore to Nilamangai Nagar, Saidapet, effective December 24, 2025. The company, formerly known as Dugar Housing Developments Limited, communicated this change to BSE Limited under Regulation 30 compliance. The relocation remains within the same city and state, maintaining jurisdiction under ROC Chennai.

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Axentra Corp Limited (formerly known as Dugar Housing Developments Limited) has announced the relocation of its registered office address within Chennai, effective December 24, 2025. The company communicated this administrative change to BSE Limited as part of its regulatory compliance obligations under Regulation 30.

Office Relocation Details

The company has provided specific details regarding the address change in its official communication to the stock exchange.

Parameter: Details
Previous Address: Dugar Towers, 123 Marshall's Road, Egmore, Chennai 600008
New Address: New No. 2, Old No. 38b, Pazandiamman Kovil Street, Nilamangai Nagar, Saidapet, Kanchipuram, Chennai, Tamil Nadu 600088
Effective Date: December 24, 2025
BSE Scrip Code: 511634

Regulatory Compliance

The company has emphasized that this relocation maintains continuity in regulatory oversight. The shift of the registered office remains within the same city and state, ensuring that the company continues to operate under the jurisdiction of the Registrar of Companies (Chennai). This administrative change does not affect the company's operational structure or regulatory compliance framework.

Company Information

Axentra Corp Limited operates under CIN L62013TN1992PLC023689 and was formerly known as Dugar Housing Developments Limited. The company secretary and compliance officer, Manisha Sharma, signed the official communication to BSE Limited regarding this address change. The notification ensures that all stakeholders and regulatory authorities are informed of the updated registered office location for future correspondence and compliance purposes.

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