Key Quantitative Figures

  • Number of warrants acquired: 394,735
  • Percentage of fully diluted share capital post-acquisition: 2.29%
  • Total consideration for the warrants: ₹15,10,00,000 (Rupees Fifteen Crores Ten Lacs Only)
  • Acquirer's total holding post-acquisition (shares + warrants): 6,505,956 instruments
  • Post-acquisition voting rights from shares: 35.42%

Parties Involved

  • Acquirer: Pramila Jain (acting on behalf of all other acquirers)
  • Target Company: Porwal Auto Components Limited (CIN: L29300MP1992PLC006912)
  • Stock Exchange: BSE Limited
  • Other entities in acquirer group: Includes Flag Vittawas Limited, Devendra Jain, Gajendra Jain, and 24 other individuals/HUFs (detailed in annexure)

Capital Structure Impact

  • Equity share capital before acquisition: ₹15,10,00,000 consisting of 15,100,000 equity shares of face value ₹10 each fully paid
  • Equity share capital after acquisition: ₹16,85,43,840 consisting of 16,854,384 equity shares of face value ₹10 each fully paid
  • Total diluted share capital after acquisition: ₹17,24,91,190 consisting of 17,249,119 equity shares of face value ₹10 each fully paid

Ownership Details

  • Pre-acquisition holding of acquirer along with PACs: 6,111,221 shares (40.47% of total voting capital)
  • Post-acquisition holding breakdown:
  • Shares carrying voting rights: 6,111,221 (36.25% of voting capital, 35.42% of diluted capital)
  • Warrants/convertible securities: 394,735 (2.29% of diluted capital)
  • Total instruments: 6,505,956
  • Mode of acquisition: Preferential allotment

Annexure Details (Acquirer Group Holdings)

The detailed breakdown of the 26 entities in the acquirer group shows total shareholding of 6,111,221 shares and warrant acquisition of 394,735. Major holdings include:

  • Flag Vittawas Limited: 2,750,000 shares
  • Surendra Jain: 389,280 shares
  • Devendra Jain: 352,299 shares
  • Mukesh Utsavlal Jain: 300,855 shares
  • Gajendra Utsavlalji Jain: 275,989 shares