Modern Dairies Limited has disclosed significant transactions involving its promoter group. Key entities within the promoter group, including Krishan Kumar Goyal, Alka Goyal, and Mala Builders Private Limited, have acquired substantial equity stakes. These acquisitions were executed through the conversion of convertible warrants into 12,00,000 equity shares, totaling an investment of approximately ₹6 crore. The disclosures were made as per SEBI (Prohibition of Insider Trading) Regulations, 2015.
Promoter Group Equity Acquisition Detailed
Modern Dairies Limited has reported significant share acquisitions by members of its Promoter Group, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. These transactions involve the conversion of convertible warrants into equity shares, altering the shareholding structure of the company.
Krishan Kumar Goyal’s Transaction
Krishan Kumar Goyal, identified as a Promoter, acquired 8,00,000 Equity Shares. The acquisition was a purchase through the conversion of warrants into equity shares. This transaction took place on August 25, 2026, with a total value of ₹4,00,00,000 (Rupees Four Crores Only). Post-acquisition, his total holding stands at 47,97,543 Equity Shares, representing 15.98% of the company’s total equity share capital.
Alka Goyal’s Transaction
Alka Goyal, also a Promoter, acquired 4,00,000 Equity Shares. Similar to Krishan Kumar Goyal, this was a purchase via the conversion of warrants into equity shares, executed on August 25, 2026. The investment amounted to ₹2,00,00,000 (Rupees Two Crores Only). Her updated shareholding post-transaction is 40,28,972 Equity Shares, accounting for 13.42%.
Mala Builders Private Limited’s Transaction
Mala Builders Private Limited, a member of the Promoter Group, acquired 4,00,000 Equity Shares. This acquisition was also a purchase resulting from the conversion of warrants into equity shares on August 25, 2026. The value of this transaction was ₹2,00,00,000 (Rupees Two Crores Only). Following this acquisition, Mala Builders Private Limited holds 12,00,000 Equity Shares, representing 4.00% of the company’s share capital.
Overall Impact
These collective transactions by the Promoter Group reflect a significant increase in their direct equity ownership through the exercise of convertible warrants. The company has provided these disclosures to the BSE Limited, detailing the acquisition of equity shares at a price of Rs. 50/- each (including a premium of Rs. 40/- per Share).
Source: BSE
