Ginnerup Capital ApS acquires 3,99,990 warrants via preferential allotment, holding rises to 5.34% diluted
Ginnerup Capital ApS (non-promoter) has acquired 3,99,990 fully convertible warrants of Shivalik Rasayan through preferential allotment on September 14, 2026.
- Warrants Acquired
- 3,99,990 fully convertible warrants
- Acquisition Date
- September 14, 2026
- Diluted Stake After
- 5.34% of diluted share capital
- Total Securities Held
- 9,06,540 securities
- Diluted Capital After
- Rs. 8,49,01,775 in 1,69,80,355 shares
What happened
Shivalik Rasayan Limited has forwarded a disclosure received from Ginnerup Capital ApS under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Ginnerup Capital ApS, which does not belong to the promoter/promoter group, acquired 3,99,990 fully convertible warrants of the company on September 14, 2026 pursuant to a preferential allotment. Each warrant is convertible into an equal number of equity shares.
Holding before and after
- Before: 5,06,550 equity shares carrying voting rights, being 3.22% of total voting capital; no warrants held.
- Acquired: 3,99,990 warrants, being 2.36% of diluted share capital.
- After: same 5,06,550 shares, now 3.16% of voting capital and 2.98% of diluted capital, plus the warrants; total 9,06,540 securities equal to 5.34% of diluted share/voting capital.
- No shares in the nature of encumbrance were reported.
Capital structure
- Equity share capital before the acquisition: Rs. 7,87,51,825 divided into 1,57,50,365 equity shares of Rs. 5 each.
- Equity share capital after: Rs. 8,01,61,825 divided into 1,60,32,365 equity shares of Rs. 5 each.
- Total diluted share capital after: Rs. 8,49,01,775 divided into 1,69,80,355 equity shares of Rs. 5 each.
How to read it
Warrants are instruments that can later be converted into equity shares. Until conversion, they do not carry voting rights, which is why the acquirer's voting-rights percentage stays based on the 5,06,550 shares. On full conversion the holder would cross the 5% mark of diluted capital, which is why this disclosure was required. The route used was a preferential allotment by the company, meaning fresh securities were issued rather than bought from existing holders.
More numbers
- Warrants acquired3,99,990
- Warrants as % of diluted capital2.36
- Shares held before and after5,06,550
- Voting capital % before3.22
- Voting capital % after3.16
- Shares as % of diluted capital after2.98
- Total securities held after9,06,540
- Total % of diluted capital after5.34
- Equity share capital beforeRs. 7,87,51,825
- Equity shares before1,57,50,365
- Equity share capital afterRs.8,01,61,825
- Total diluted share capital afterRs. 8,49,01,775
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