Sarvamangal Mercantile Company Limited , a BSE-listed firm, has reported a significant reshuffling of shares within its promoter group. The company disclosed an off-market transfer of 17,500 shares, representing a 7.03% stake in the company.

Key Highlights of the Share Transfer

• Acquirers: Varun Somani and Vandana Somani
• Sellers: Susheel Somani, Susheel G Somani HUF, and S.K.Somani & Co.
• Total Shares Transferred: 17,500 (7.03% stake)
• Mode of Transfer: Off-market transaction

Breakdown of the Acquisition

• Varun Somani acquired 12,500 shares (5.02% stake)
• Vandana Somani acquired 5,000 shares (2.01% stake)

Impact on Promoter Holdings

Divestment Details

The selling entities - Susheel Somani, Susheel G Somani HUF, and S.K.Somani & Co. - have completely divested their holdings in the company. Their combined stake of 7.03% has been reduced to zero following this transaction.

Overall Promoter Group Holding

The combined promoter group holding in Sarvamangal Mercantile Company Limited has increased from 52.77% to 59.80% as a result of this inter-group transfer. This consolidation of shares within the promoter group suggests a strategic realignment of ownership among family members.

Company Capital

The equity share capital of Sarvamangal Mercantile Company Limited remains unchanged at Rs. 24,90,000 following this transaction.

This share transfer, while significant in terms of individual promoter holdings, does not alter the overall control of the company, as it remains within the same promoter group. Shareholders and market observers may want to note this internal restructuring, although it does not represent a change in the broader ownership structure of the company.

Sarvamangal Mercantile Company Limited , a BSE-listed entity, has witnessed a significant change in its shareholding pattern as members of the promoter group increased their stake in the company through off-market transactions.

Key Highlights of the Acquisition

• Varun Somani and Vandana Somani, part of the promoter group, acquired a total of 22,500 shares, representing 9.04% of the company's equity.
• Vandana Somani acquired 9,500 shares (3.82% stake)
• Varun Somani acquired 13,000 shares (5.22% stake)
• The promoter group's combined holding increased from 50.76% to 59.80% following the transaction.

Shareholding Details Post-Acquisition

The updated shareholding of the promoter group members is as follows:

Transaction Details

The acquisition was executed through off-market transactions, as disclosed in the filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to comply with regulatory requirements for substantial share acquisitions.

Company Information

Sarvamangal Mercantile Company Limited is listed on the BSE Limited. The company's total equity share capital stands at Rs. 24,90,000, consisting of 2,49,000 shares. The recent transaction has not altered the company's share capital structure.

This move by the promoter group to increase their stake could be seen as a sign of confidence in the company's prospects. However, the specific reasons for the stake increase were not disclosed in the regulatory filing.