Axana Estates LLP has formally disclosed a substantial acquisition of equity shares in Tilaknagar Industries Limited. The filing, dated March 9, 2026, outlines the transaction details as required under takeover regulations. Post-acquisition, the total voting capital held by the acquirer group stands at 5.14%, involving the conversion of warrants into equity. The acquisition date is linked to the March 05, 2026 listing event.
Regulatory Filing for Share Acquisition
Axana Estates LLP submitted a mandatory disclosure regarding the substantial acquisition of shares in Tilaknagar Industries Limited. This formal notice, signed by Designated Partner Yash Siddhartha Sacheti on March 9, 2026, details the transaction executed in compliance with relevant takeover regulations.
Pre-Acquisition Shareholding Summary (Before Consideration)
Prior to the current transaction, the holding of Axana Estates LLP and its Persons Acting in Concert (PAC) was minimal:
- Total shares carrying voting rights were negligible.
- The initial aggregated holding, including equity and potential voting rights from warrants/convertibles, stood at 1,31,57,000 instruments, representing 5.14% of the total diluted share capital.
- Specifically, PAC member Mithun Padam Sacheti held 36,000 shares (0.01%).
Details of the Current Acquisition
The core of the disclosure centers on the Conversion of Warrants to Equity. The transaction details are as follows:
- The acquisition involved 98,15,000 shares carrying voting rights for the Acquirer, representing 3.97% of capital.
- PAC member Arpit Khandelwal acquired 32,70,000 shares, representing 1.32% of capital.
- The transaction resulted in the conversion of instruments previously held, totaling an acquisition of 1,31,57,000 units, increasing the voting rights percentage by 5.29% before final reconciliation.
Post-Acquisition Shareholding Status
Following the acquisition, the total holding of Axana Estates LLP and its PAC group in Tilaknagar Industries Limited is consolidated:
- The total number of shares carrying voting rights held is now 1,31,57,000.
- This aggregate holding now represents 5.31% of the total share capital and 5.14% of the total diluted share capital of the Target Company.
- The date of acquisition/receipt of intimation was recorded as March 05, 2026, corresponding with the date of listing at the stock exchange.
Capital Structure Impact
The disclosure also notes the change in the Target Company’s capital base:
- Equity share capital before the sale/acquisition was ₹2,08,19,37,500/- (20,81,93,750 shares).
- Equity share capital after the transaction increased to ₹2,45,90,87,500/- (24,59,08,750 shares).
- The Total diluted share/voting capital of the TC post-transaction stands at ₹2,55,57,93,490/- (25,55,79,349 shares).
Source: BSE
