Date: September 29, 2026
Acquisition Structure
Mehta Family Trust, held by Mr. Jay Mehta and Juhi Chawla as Trustees, has indirectly acquired voting rights in Saurashtra Cement Limited through admission as a partner in Omna Enterprises LLP. The acquisition of 50.04% voting rights in Omna was completed on September 24, 2026.
Voting Rights Impact
Pursuant to this acquisition, the acquirer has indirectly acquired voting rights corresponding to 1,05,22,431 equity shares held by Omna in Saurashtra Cement Limited, representing 9.46% of the total voting rights in the target company.
Regulatory Framework
The acquisition was undertaken pursuant to SEBI exemption order dated July 14, 2026, bearing reference no. WTM/KCV/CFD/06/2026-27, which grants exemption from certain provisions of the SEBI SAST Regulations.
Shareholding Details
Before Acquisition:
- Direct holding: 100 equity shares (0.00% of total capital)
- Total voting rights: 0.00%
After Acquisition:
- Indirect voting rights acquired: 1,05,22,431 shares (9.46%)
- Direct holding remains: 100 equity shares (0.00%)
- Total voting rights: 9.46%
Capital Structure
- Equity share capital: ₹111,28,72,800 (Rupees One Hundred and Eleven Crore Twenty Eight Lakhs and Seventy-Two Thousand Eight Hundred Only)
- Total shares: 11,12,87,280 equity shares of ₹10 each
- Capital structure remains unchanged post-acquisition
Transaction Nature
The acquisition forms part of an internal reorganization within the Mehta family and does not:
- Alter the issued share capital
- Change public shareholding
- Affect aggregate shareholding of promoter and promoter group
- Result in any change in control or management of Saurashtra Cement Limited
Additional Notes
The 1,05,22,431 equity shares representing 9.46% continue to be registered in the name of Omna Enterprises LLP, an existing promoter entity, while the indirect beneficial interest and corresponding voting rights stand consolidated in favor of Mehta Family Trust.