News Orders & Deals Express Infra Financial Consultancy Acquires 7,00,000 Equity Shares in Shri Gang Industries Through CCPS ConversionExpress Infra Financial Consultancy Acquires 7,00,000 Equity Shares in Shri Gang Industries Through CCPS Conversion
Express Infra Financial Consultancy Private Limited acquired 7,00,000 equity shares in Shri Gang Industries and Allied Products Limited on February 16, 2026, through CCPS conversion. The acquisition increased Express Infra's stake to 3.55% and the total promoter group holding to 39.46%. The company's equity share capital expanded from Rs. 19,03,00,000 to Rs. 19,73,00,000, with the disclosure made under SEBI takeover regulations.
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Express Infra Financial Consultancy Private Limited has completed a substantial acquisition of 7,00,000 equity shares in Shri Gang Industries and Allied Products Limited through the conversion of Compulsorily Convertible Preference Shares (CCPS). The transaction, completed on February 16, 2026, was disclosed to BSE Limited under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Acquisition Details
The acquisition involved the conversion of 7,00,000 CCPS into equity shares of face value Rs. 10/- each. Express Infra Financial Consultancy Private Limited, acting as part of the promoter group, acquired these shares along with 16 other Persons Acting in Concert (PACs) including Suraj Industries Limited, various members of the Gupta family, and other associated entities.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 7,00,000 equity shares |
| Face Value: | Rs. 10/- per share |
| Acquisition Date: | February 16, 2026 |
| Mode of Acquisition: | Conversion of CCPS |
| Stock Exchange: | BSE Limited (Scrip Code: 523309) |
Shareholding Pattern Changes
Following the acquisition, Express Infra Financial Consultancy Private Limited now holds 3.55% of the total share capital and 3.15% of the total diluted share capital. The combined promoter and promoter group holding increased to 39.46% of the total voting capital.
| Shareholding Details: | Before Acquisition | After Acquisition |
|---|---|---|
| Express Infra Holdings: | 0 shares (0%) | 7,00,000 shares (3.55%) |
| PACs Holdings: | 70,85,305 shares (37.23%) | 70,85,305 shares (35.91%) |
| Total Promoter Group: | 37.23% | 39.46% |
Impact on Share Capital
The conversion resulted in an increase in the company's equity share capital structure. The total number of equity shares outstanding increased from 1,90,30,000 to 1,97,30,000 shares.
| Capital Structure: | Before | After |
|---|---|---|
| Equity Share Capital: | Rs. 19,03,00,000 | Rs. 19,73,00,000 |
| Number of Equity Shares: | 1,90,30,000 | 1,97,30,000 |
| Total Diluted Capital: | Rs. 22,21,75,060 | Rs. 22,21,75,060 |
| Diluted Share Count: | 2,22,17,506 | 2,22,17,506 |
Regulatory Compliance
The disclosure was made by Suraj Prakash Gupta on behalf of Express Infra Financial Consultancy Private Limited to BSE Limited on February 18, 2026. The company maintains its registered office at F-32/3, First Floor, Okhla Industrial Area, Phase II, New Delhi- 110020, with CIN U74140DL2009PTC192940. Shri Gang Industries and Allied Products Limited operates from Plot No. B-2/6 & 2/7, UPSIDC Industrial Area Sandila Phase IV, Hardoi, Sandila, Uttar Pradesh.
Historical Stock Returns for Shri Gang Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +13.34% | +34.27% | +39.41% | +8.00% | -23.71% | +3,244.28% |
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