Counter Cyclical Investments Private Limited has disclosed an increase in its shareholding in dhp india Limited, raising its stake from 8.27% to 8.44% through open market purchases. The Nagpur-based portfolio management company, along with its clients acting in concert, acquired 5,153 additional shares on January 19, 2026.

Shareholding Details

The acquisition has resulted in a marginal but notable increase in Counter Cyclical Investments' position in DHP India. The following table summarizes the key shareholding changes:

Transaction Specifics

The shares were acquired through open market transactions, representing a standard method for increasing equity positions. Counter Cyclical Investments Private Limited, incorporated in 2018 with CIN U65999PN2018PTC175591, operates as a Portfolio Manager and does not belong to the promoter or promoter group of DHP India.

Regulatory Compliance

The company has fulfilled its regulatory obligations by filing the mandatory disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure was submitted to:

• DHP India Limited
• BSE Limited, where DHP India's shares are listed

The filing was signed by Parminder Pal Singh Bhatia, Director of Counter Cyclical Investments Private Limited (DIN: 07159378), and dated January 21, 2026.

Company Structure

DHP India Limited maintains its total equity share capital at 30,00,000 shares, with no changes to the overall capital structure following this transaction. The acquisition represents a strategic investment decision by Counter Cyclical Investments and its clients, demonstrating continued confidence in DHP India's prospects.

The transaction reflects typical portfolio management activities, where investment decisions are made on behalf of clients while maintaining transparency through proper regulatory disclosures as required under SEBI regulations.

DHP India Limited has reported a mixed set of financial results for the second quarter. The company's performance shows significant changes both on a quarter-on-quarter (QoQ) and year-on-year (YoY) basis.

Key Financial Highlights

Revenue Performance

DHP India's revenue from operations for Q2 FY26 stood at ₹1436.83 lakh, marking a significant decrease of 30.25% compared to ₹2059.94 lakh in Q1 FY26. However, on a year-on-year basis, the company witnessed a robust growth of 28.63% from ₹1117.03 lakh in Q2 FY25.

Profitability

The company's net profit for Q2 FY26 was ₹316.20 lakh, showing a substantial decline of 75.32% from ₹1281.06 lakh in the previous quarter. However, when compared to the same quarter last year, DHP India has shown remarkable improvement, with profit surging from ₹19.06 lakh in Q2 FY25.

Half-Yearly Performance

For the first half of FY26, DHP India reported a total revenue from operations of ₹3496.77 lakh, up by 44.87% from ₹2413.74 lakh in H1 FY25. The net profit for H1 FY26 stood at ₹1737.26 lakh, a significant jump from ₹80.85 lakh in the corresponding period last year.

Earnings Per Share

The Basic Earnings Per Share (EPS) for Q2 FY26 was ₹3.87, down from ₹15.22 in Q1 FY26 but higher than ₹0.64 in Q2 FY25. For the half-year, the EPS improved to ₹19.09 from ₹2.69 in the previous year.

Investment Activities

During the period, DHP India made substantial investments in mutual funds totaling ₹19909.00 lakh, reflecting the company's strategy to utilize its cash reserves.

Management Commentary

The company's Board of Directors has approved these results, which have received an unmodified opinion from the statutory auditors.

Conclusion

While DHP India has faced a significant quarter-on-quarter decline in profitability, its year-on-year growth in both revenue and profit remains strong. The substantial increase in investments suggests that the company may be positioning itself for future growth opportunities.