Dhanashree Investments Acquires Additional Stake in Seshasayee Paper & Boards Through Open Market Purchase

Dhanashree Investments Private Limited has acquired additional equity shares in Seshasayee Paper & Boards Limited through open market purchases, as disclosed under SEBI's substantial acquisition regulations on December 11, 2025.

Transaction Details

The acquisition involved the purchase of 16,430 equity shares of face value ₹2.00 each, representing 0.026% of the company's total share capital. The transaction was executed on the National Stock Exchange (NSE) at a price of ₹236.47 per share.

Parameter	Details
Shares Acquired	16,430 equity shares
Face Value	₹2.00 per share
Purchase Price	₹236.47 per share
Exchange	NSE
Transaction Date	December 11, 2025

Shareholding Changes

Following this acquisition, Dhanashree Investments' shareholding pattern in Seshasayee Paper & Boards has been updated. The investment firm's total holding has increased from its previous position.

Shareholding Position	Before Acquisition	After Acquisition
Number of Shares	2,963,507	2,979,937
Percentage Holding	4.6989%	4.7249%
Voting Rights	4.6989%	4.7249%

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dhanashree Investments Private Limited, identified as belonging to the promoter group, communicated this acquisition to both the National Stock Exchange and Bombay Stock Exchange on the same day.

Seshasayee Paper & Boards Limited has a total equity share capital of 63,068,140 shares with a face value of ₹2.00 each. The company's shares are listed on both NSE (scrip code: SESHAPAPER) and BSE (scrip code: 502450). The acquisition represents a marginal increase in Dhanashree Investments' stake in the Tamil Nadu-based paper manufacturing company, maintaining its position as a promoter group entity.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.46%	+1.03%	-3.28%	-15.51%	-25.63%	+59.09%

Seshasayee Paper & Boards Limited has seen an increase in shareholding by Time Square Investments Private Limited, a move that has caught the attention of market observers. The transaction, which took place on November 14, 2025, saw Time Square Investments acquire an additional 55,000 equity shares of the paper manufacturing company through open market purchases.

Transaction Details

Aspect	Details
Acquirer	Time Square Investments Private Limited
Target Company	Seshasayee Paper & Boards Limited
Shares Acquired	55,000 equity shares
Acquisition Price	Rs. 254.06 per share
Date of Acquisition	November 14, 2025
Mode of Acquisition	Open market purchases

Impact on Shareholding

The move by Time Square Investments has resulted in a change in its ownership position within Seshasayee Paper & Boards Limited.

Shareholding	Before Acquisition	After Acquisition
Percentage	10.13%	10.22%

This acquisition represents an increase of 0.09% in Time Square's stake in the company.

Regulatory Compliance

The transaction has been reported in compliance with the Securities and Exchange Board of India (SEBI) takeover regulations. As per the disclosure made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Time Square Investments informed Seshasayee Paper & Boards Limited of the change in shareholding.

About the Companies

Seshasayee Paper & Boards Limited, with its registered office in Pallipalayam, Namakkal District, Tamil Nadu, is a player in the paper manufacturing industry.

Time Square Investments Private Limited, registered in Chennai, has shown continued interest in Seshasayee Paper & Boards, as evidenced by this latest acquisition.

This transaction underscores the ongoing dynamics in the paper industry and highlights the moves being made by investment firms in the sector.