Modern Dairies Limited announced that its Promoter Group has acquired 16,00,000 equity shares. This acquisition was made consequent to exercising the right of conversion of Convertible Warrants issued on a preferential basis. The transaction sees the Promoter Group’s shareholding increase, further consolidating their control over the company’s voting capital. This disclosure is made in compliance with SEBI regulations.
Promoter Group Expands Stake in Modern Dairies
Modern Dairies Limited has disclosed a significant share acquisition by its Promoter Group. The transaction involved the acquisition of 16,00,000 equity shares. This move comes as a result of the Promoter Group exercising their rights to convert Convertible Warrants that were previously issued to them on a preferential basis.
Impact on Shareholding
The acquisition, effective from August 26, 2026, leads to an increase in the Promoter Group’s total shareholding in Modern Dairies Limited. Prior to this acquisition, the Promoter Group, including Mr. Krishan Kumar Goyal, Mrs. Alka Goyal, and Mala Builders Private Limited, collectively held 84,26,515 shares, representing 29.65% of the total voting capital. Post-acquisition, their combined holding now stands at 1,00,26,515 shares, which is 33.40% of the total voting capital.
Disclosure Compliance
This disclosure is made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company has provided the necessary information regarding the change in shareholding pattern to the stock exchanges to ensure regulatory compliance.
Source: BSE
