Neomile Growth Fund Acquires 10.01% Stake in Shree Ram Twistex Limited
Neomile Growth Fund – Series I acquired 40,00,000 shares (10.01% stake) in Shree Ram Twistex Limited through open market purchase on March 2, 2026. The acquirer had no prior holding in the target company and filed the mandatory disclosure under SEBI takeover regulations. Shree Ram Twistex Limited maintains its equity capital at 3,99,75,000 shares and is listed on both NSE and BSE.
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Neomile Asset Managers Private Limited has filed a regulatory disclosure with stock exchanges regarding a substantial acquisition in Shree Ram Twistex Limited. The disclosure, dated March 5, 2026, was submitted in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Acquisition Details
Neomile Growth Fund – Series I acquired 40,00,000 shares of Shree Ram Twistex Limited through open market purchase on March 2, 2026. This acquisition represents 10.01% of the company's total share capital and voting rights.
| Parameter | Details |
|---|---|
| Acquirer | Neomile Growth Fund – Series I |
| Target Company | Shree Ram Twistex Limited |
| Shares Acquired | 40,00,000 |
| Acquisition Date | March 2, 2026 |
| Mode of Acquisition | Open Market |
| Stake Percentage | 10.01% |
Holdings Comparison
The disclosure reveals that Neomile Growth Fund had no prior holding in Shree Ram Twistex Limited before this acquisition.
| Holdings | Before Acquisition | After Acquisition |
|---|---|---|
| Shares with Voting Rights | Nil | 40,00,000 |
| Percentage of Total Capital | Nil | 10.01% |
| Encumbered Shares | Nil | Nil |
| Voting Rights (Non-Shares) | Nil | Nil |
| Convertible Securities | Nil | Nil |
Company Information
Shree Ram Twistex Limited is listed on both the National Stock Exchange of India Limited (NSE) and Bombay Stock Exchange Limited (BSE). The company's equity share capital stands at 3,99,75,000 shares, which remained unchanged after the acquisition. Neomile Growth Fund – Series I does not belong to the promoter or promoter group of the target company.
Regulatory Compliance
The disclosure was signed by CA Rashesh Shah, Director of Neomile Asset Managers Private Limited, and submitted to both stock exchanges as well as to Shree Ram Twistex Limited. The filing ensures compliance with SEBI regulations governing substantial acquisitions that cross the 5% threshold of a listed company's shareholding.
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