The promoter group of Modern Dairies Limited has significantly increased its shareholding in the company. Mr. Krishan Kumar Goyal, Mrs. Alka Goyal, and Mala Builders Private Limited collectively acquired 16,00,000 shares, raising their total stake to 33.40%. This substantial acquisition occurred on August 25, 2026, and was executed through preferential allotment and convertible warrants, strengthening the promoter’s control and investment in the company.
Promoter Group Strengthens Stake in Modern Dairies
Modern Dairies Limited has announced a significant increase in the shareholding of its promoter group. The collective stake held by Mr. Krishan Kumar Goyal, Mrs. Alka Goyal, and Mala Builders Private Limited has risen, marking a notable shift in the company’s ownership structure. This development follows an acquisition process that concluded on August 25, 2026.
Acquisition Details
The promoter group acquired a total of 16,00,000 shares, which represents a 5.33% increase in their voting capital. This acquisition was achieved through preferential allotment and the conversion of warrants that are convertible into equity shares. Prior to this transaction, the promoter group held 84,26,515 shares, constituting 29.65% of the total voting capital. Post-acquisition, their combined holding now stands at 1,00,26,515 shares, equivalent to 33.40% of the total equity share capital.
The acquisition involved individual contributions as follows:
- Mr. Krishan Kumar Goyal acquired 8,00,000 shares, increasing his holding to 47,97,543 shares (15.98%).
- Mrs. Alka Goyal acquired 4,00,000 shares, bringing her total to 40,28,972 shares (13.42%).
- Mala Builders Private Limited acquired 4,00,000 shares, resulting in a total of 12,00,000 shares (4.00%).
Financial Context
The total equity share capital and voting capital of Modern Dairies Limited before the said acquisition was Rs.28,41,98,610. After the acquisition, the equity share capital and total voting capital increased to Rs.30,01,98,610. The total diluted share/voting capital of the company after the acquisition is Rs. 31,91,98,610.
Source: BSE
