Kati Patang Lifestyle Limited has received a disclosure under SEBI Takeover Regulations from Shantanu Upadhyay and his Person Acting in Concert (PAC) Lata Upadhyay regarding substantial acquisition of shares through warrant conversion. The transaction was completed on February 21, 2026, with the formal disclosure submitted to BSE Limited on February 25, 2026.

Acquisition Details

The acquisition involved conversion of warrants into fully paid equity shares, resulting in allotment of 12,25,000 shares. The shares were distributed between Shantanu Upadhyay and his PAC as detailed in the regulatory filing.

Shareholding Pattern Changes

The warrant conversion has altered the shareholding pattern of both acquirers in Kati Patang Lifestyle Limited. The combined holding of Shantanu Upadhyay and his PAC has increased from 10.29% to 11.58%.

Before Acquisition:

After Acquisition:

Company Capital Structure

The equity share capital of Kati Patang Lifestyle Limited remains unchanged at Rs. 41,33,32,800 following the warrant conversion. The capital structure comprises 4,13,33,280 fully paid-up equity shares of face value Rs. 10 each and 1,02,56,651 partly paid-up equity shares of paid value Rs. 5 each.

Regulatory Compliance

The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirers confirmed they do not belong to the promoter or promoter group of the company. Kati Patang Lifestyle Limited shares are listed on BSE Limited.

Kati Patang Lifestyle Limited announced two strategic acquisitions following its Board of Directors meeting held on March 03, 2026, as disclosed in its official BSE filing under Regulation 30 of SEBI Listing Regulations. The company approved the acquisition of 100% stake in Agnetta International Private Limited and the remaining 2% stake in Empyrean Spirits Private Limited through share swap arrangements, totaling Rs. 4,46,82,000/-.

Agnetta International Complete Acquisition

The board approved the complete acquisition of Agnetta International Private Limited, an Indian company engaged in trading premium quality imported wines and spirits. The transaction will be executed through a share swap arrangement worth Rs. 3,50,00,000/-.

Agnetta International has demonstrated consistent growth with turnover increasing from Rs. 4.94 Crore in FY 22-23 to Rs. 6.04 Crore in FY 24-25. The acquisition aims to strategically diversify into the premium imported wines and spirits segment, expanding revenue streams and enhancing long-term shareholder value.

Empyrean Spirits Remaining Stake Acquisition

The board also approved acquiring the remaining 2% stake in Empyrean Spirits Private Limited (ESPL) for Rs. 96,82,000/- through share swap arrangement. This acquisition involves 38,728 equity shares of Rs. 10/- each, making ESPL a wholly owned subsidiary.

Empyrean Spirits operates under the "Kati Patang" brand name as an Indian craft beer company that brews traditional styles with a unique twist. The company has shown remarkable growth, with turnover increasing from Rs. 3.59 Crore in FY 22-23 to Rs. 16.56 Crore in FY 24-25.

Transaction Structure and Regulatory Framework

Both acquisitions will be executed through share swap arrangements under Chapter V of SEBI ICDR Regulations rather than cash consideration. The transactions are structured outside the purview of related party transactions, with no promoter or group company interest in the entities being acquired.

Strategic Business Expansion Impact

These acquisitions represent the company's strategic expansion into complementary lifestyle-oriented segments. The Agnetta International acquisition provides entry into the premium imported wines and spirits trading market, while completing the Empyrean Spirits acquisition strengthens the company's position in the craft beer manufacturing segment.

The board meeting was held at the company's corporate office at 504, Savitri Cinema Complex, Greater Kailash-II, New Delhi, commencing at 04:00 p.m. (IST) and concluding at 07:30 p.m. (IST). Both transactions are subject to shareholder approval, with detailed disclosure terms to be provided upon approval of share issue terms as per applicable SEBI regulations.