Shrimay Enterprises Private Limited has increased its equity stake in Pricol Limited following the completion of an internal amalgamation. By absorbing Sagittarius Investments Private Limited, the company acquired 23,65,360 shares, equivalent to a 1.94% stake. This strategic consolidation brings the total shareholding of Shrimay Enterprises in Pricol Limited to 26,10,160 equity shares, representing 2.14% of the company’s total voting capital.
Strategic Consolidation of Shareholding
Following the formal approval from the Hon’ble NCLT in an order dated March 10, 2026, Shrimay Enterprises Private Limited has successfully completed the amalgamation of Sagittarius Investments Private Limited. As a direct result of this corporate restructuring, 23,65,360 equity shares (1.94%) previously held by Sagittarius Investments were transferred to Shrimay Enterprises.
Impact on Ownership
The transaction, which took place on March 30, 2026, marks a shift in the internal holdings within the promoter group of Pricol Limited. Prior to this transfer, Shrimay Enterprises held 2,44,800 shares (0.20%). Post-amalgamation, its total interest in the target company has risen to 26,10,160 equity shares, increasing its total voting stake to 2.14%.
Transaction Details
The total equity share capital of Pricol Limited remains unchanged at 12,18,81,498 shares, with a face value of Re.1 per share. This off-market transfer signifies a consolidation of promoter group interests, streamlining the investment structure as the company continues to align its long-term corporate goals.
Source: BSE
