Promoter group entity acquires 34,68,007 shares via preferential allotment; holding rises from 1.73% to 6.60%
Kirloskar Power Equipments Limited, a promoter group entity, has been allotted 34,68,007 equity shares of the company on a preferential basis.
- Shares Allotted
- 34,68,007 equity shares on a preferential basis
- Holding Before
- 11,46,315 shares (1.73%)
- Holding After
- 46,14,322 shares (6.60%)
- Total Voting Capital
- rises from Rs. 66,41,40,710/- to Rs. 69,88,20,780/-
- Date of Allotment
- September 29, 2026
What the update says
Kirloskar Power Equipments Limited, which belongs to the promoter group, has been allotted 34,68,007 equity shares of the target company on September 29, 2026. The route was a preferential allotment, and the disclosure was made under Regulation 29(1) and 29(2) of SEBI (SAST) Regulations, 2011.
Holding before and after
- Before the acquisition: 11,46,315 shares, which is 1.73% of the total share/voting capital.
- Shares acquired: 34,68,007 shares, which is 4.87% of the total share/voting capital.
- After the acquisition: 46,14,322 shares, which is 6.60% of the total share/voting capital.
The same figures are shown in both columns of the form, that is, as a percentage of the total share/voting capital and as a percentage of the total diluted share/voting capital.
How the capital base changes
- Equity share capital / total voting capital of the target company before the acquisition: Rs. 66,41,40,710/-
- Equity share capital / total voting capital after the acquisition: Rs. 69,88,20,780/-
- Total diluted share/voting capital of the target company after the acquisition: Rs. 69,88,20,780/-
Nature of the shares allotted
The equity shares were allotted under a preferential issue under Chapter V of SEBI (ICDR) Regulations, 2015. They rank pari passu with the existing equity shares of the company in all respects, including as to dividend and voting rights.
How to read a disclosure like this
- It records a change in shareholding by an entity in the promoter group, and the manner in which those shares were obtained (here, a preferential allotment rather than a purchase in the open market).
- In a preferential allotment, new shares are issued by the company, which is why the company's share capital figure moves up from Rs. 66,41,40,710/- to Rs. 69,88,20,780/-.
- The percentages stated are those of the acquirer along with persons acting in concert, both before and after the transaction.
- The disclosure sets out the share count and the percentage at each stage, so a reader can see the exact size of the change rather than only the end result.
Also from Kirloskar Electric Company
GST Show Cause Notice of Rs. 12,56,693 Received for FY 2022-23 Audit Period
30 Sep 2026
More numbers
- Shares held by acquirer with PACs before acquisition11,46,315
- Pre-acquisition holding as % of total share/voting capital1.73%
- Shares carrying voting rights acquired (allotment)34,68,007
- Acquisition as % of total share/voting capital4.87%
- Shares held by acquirer with PACs after acquisition46,14,322
- Post-acquisition holding as % of total share/voting capital6.60%
- Equity share capital / total voting capital before the acquisitionRs. 66,41,40,710/-
- Equity share capital / total voting capital after the acquisitionRs. 69,88,20,780/-
- Total diluted share/voting capital after the acquisitionRs. 69,88,20,780/-
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