Dhanuka Agritech has received a disclosure from DSP Trustee Private Limited regarding an increase in shareholding under SEBI's substantial acquisition regulations. The transaction involves the acquisition of additional equity shares through open market purchases, resulting in a marginal increase in the institutional investor's stake in the agrochemical company.

Acquisition Details

DSP Trustee Private Limited, acting on behalf of various DSP Mutual Fund schemes, acquired 10,350 equity shares of Dhanuka Agritech Ltd on February 16, 2026. The purchase was executed through open market transactions by two specific schemes - DSP Small Cap and DSP Business Cycle Fund.

Shareholding Analysis

The acquisition has resulted in a change in DSP Trustee's total shareholding in Dhanuka Agritech. The institutional investor's stake has increased marginally following this transaction.

Regulatory Framework

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates reporting when there is a change in holdings that results in an increase or decrease exceeding 2% of total shareholding since the last disclosure.

DSP Trustee Private Limited had previously reported crossing the 5% threshold in June 2018. The current disclosure follows the regulatory requirement as the cumulative change since the last reporting exceeded the 2% threshold.

Entity Structure

The acquisition involves multiple entities acting in concert:

• DSP Trustee Private Limited (on behalf of DSP Mutual Fund schemes)
• DSP Trustee Private Limited (on behalf of DSP Alternative Investment Fund schemes)
• DSP Global Funds ICAV (managed by DSP Asset Managers Private Limited)

All these entities are managed by DSP Asset Managers Private Limited and fall within the definition of persons acting in concert under SEBI regulations. The disclosure confirms that none of these entities belong to the promoter or promoter group of Dhanuka Agritech.

Company Information

Dhanuka Agritech Ltd is listed on both BSE Limited and National Stock Exchange of India Limited. The company's current paid-up capital stands at Rs. 9,01,56,648, divided into 4,50,78,324 equity shares of Rs. 2 each. The total diluted share capital remains unchanged at 4,50,78,324 shares, indicating no outstanding convertible securities or warrants.

Dhanuka agritech Limited has received entry tax demand orders totaling Rs 14.96 crore from the Excise & Taxation Department, Gurugram, relating to alleged non-payment of entry tax under the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The company disclosed this development under Regulation 30 of SEBI listing regulations on February 06, 2026.

Demand Order Details

The company received three separate demand orders covering multiple financial years, with the communication received on February 05, 2026. The demands relate to goods brought into local areas of Haryana during the assessment years 2015-16, 2016-17, and 2017-18.

Nature of Alleged Violation

According to the demand orders, the Excise & Taxation Department has alleged that Dhanuka Agritech failed to discharge entry tax liability under the Haryana Tax on Entry of Goods into Local Areas Act, 2008. The violations specifically relate to goods brought into local areas of Haryana during the three assessment years mentioned above.

Company's Response and Legal Strategy

Dhanuka Agritech has stated that based on its assessment, the aforementioned demands are not maintainable. The company is currently evaluating all available legal options, including filing a writ petition against the demand orders. This indicates the company's intention to challenge the validity and enforceability of these tax demands through appropriate legal channels.

Financial Impact Assessment

The company has clarified that it does not envisage any relevant impact on its financials, operations, or other activities despite the substantial demand amount. This assessment suggests management's confidence in successfully contesting the demands and their belief that the orders lack legal merit.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary & Compliance Officer Jitin Sadana signed the regulatory filing, ensuring proper adherence to listing obligations for material developments that could affect stakeholder interests.