Modern Dairies Limited has disclosed a significant transaction where its promoter group, including Krishan Kumar Goyal, Mr. Aditya Goyal, and Chandigarh Finance Private Limited, acquired 19,00,000 equity shares. This acquisition resulted from exercising the conversion rights of convertible warrants issued on a preferential basis. The transaction has led to an increase in the promoter group’s total shareholding to 22.36% of the company’s total equity share capital.
Promoter Group Enhances Stake in Modern Dairies
Modern Dairies Limited has submitted a disclosure concerning a substantial acquisition of equity shares by its Promoter Group. This development involves Krishan Kumar Goyal, Mr. Aditya Goyal, and Chandigarh Finance Private Limited, who collectively acted as Persons Acting in Concert (PAC). The acquisition of 19,00,000 equity shares was a consequence of exercising the right to convert warrants issued by the company on a preferential basis.
Details of the Acquisition
The disclosure, made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, details the transaction that occurred on 11.09.2026. Before the acquisition, the promoter group held a total of 52,35,764 shares, representing 17.44% of the total equity share capital. Following the acquisition of 19,00,000 shares, their total holding increased to 71,35,764 shares, which now constitutes 22.36% of the company’s total voting capital.
Shareholding Breakdown Post-Acquisition
The post-acquisition shareholding is detailed as follows:
- Krishan Goyal HUF: 22,80,000 shares (7.14%)
- Mr. Aditya Goyal: 20,83,872 shares (6.53%)
- Chandigarh Finance Private Limited: 27,71,892 shares (8.68%)
The total equity share capital of Modern Dairies Limited before the acquisition was Rs. 30,01,98,610, and it increased to Rs. 31,91,98,610 after the said acquisition. The mode of acquisition was the conversion of warrants allotted to Promoters and the Promoter Group through Preferential Allotment and convertible into Equity Shares of the Company.
Source: BSE
