M/s Eastern Trading Company formally disclosed the disposal of its shareholding in Westlife Foodworld Limited, in compliance with relevant SEBI takeover regulations. The transaction, executed via the open market route between April 2, 2018, and February 17, 2026, resulted in a reduction of the firm’s stake. The total shares sold amounted to 32,47,289 equity shares, bringing the post-transaction holding down to 5.31% of the total capital.
Regulatory Disclosure on Share Disposal
M/s Eastern Trading Company has submitted a mandatory disclosure concerning the reduction of its stake in Westlife Foodworld Limited (the Target Company). The filing was dated February 18, 2026, and adheres to Regulation 29(2) of the SEBI (SAST) Regulations, 2011.
Transaction Details and Holding Changes
The entire transaction involved the sale of shares via the Open Market mechanism. The activity spanned a long period, with the acquisition/sale dates ranging from April 2, 2018, to February 17, 2026. The acquirer confirmed that it does not belong to the Promoter/Promoter group of the Target Company.
Shareholding Before Disposal:
- Total shares carrying voting rights held: 1,15,21,500 (representing 7.39% of the total capital).
Details of Shares Sold:
- Shares carrying voting rights sold: 32,47,289.
- This sale represented 2.08% of the total share/voting capital.
Shareholding After Disposal:
- Total shares carrying voting rights held post-sale: 82,74,211.
- This new stake constitutes 5.31% of the total share/voting capital.
Capital Structure Context
The disclosure noted that the equity share capital of Westlife Foodworld Limited remained constant throughout the transaction period. The total capital was recorded as Rs. 31,18,72,330/-, divided into 15,59,36,165 equity shares of Rs. 2/- each, as per the latest filing available to the Stock Exchange.
The document was authorized and signed by Krishan Gopal Modi, Authorised Signatory for M/s Eastern Trading Company, originating from Mumbai.
Source: BSE
