Naresh Gattani HUF, belonging to the promoter group of ATVO Enterprises Limited, filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 regarding acquisition of equity shares in the company.

Key Quantitative Figures

  • Shares Acquired: 169,500 equity shares
  • Percentage Acquired: 0.1584% of total share capital
  • Pre-acquisition holding of Naresh Gattani HUF: 2,827,400 shares (2.6428%)
  • Post-acquisition holding of Naresh Gattani HUF: 2,996,900 shares (2.8013%)
  • Total diluted share capital: ₹10,69,85,070 divided into 106,985,070 equity shares of ₹1 each

Parties Involved

  • Acquirer: Naresh Gattani HUF (Promoter Group)
  • Persons Acting in Concert (PAC):
  • Siddharth Gattani (holding 29,755,907 shares - 27.8131%)
  • Shorya Gattani (holding 19,282,563 shares - 18.0236%)
  • Ranjana Gattani (holding 5,332,600 shares - 4.9844%)
  • Charul Ajmera (holding 2,504,536 shares - 2.3410%)

Mode of Acquisition

Open Market purchase

Shareholding Impact

  • Total promoter group PAC holding before acquisition: 59,703,006 shares (55.8049%)
  • Total promoter group PAC holding after acquisition: 59,872,506 shares (55.9634%)
  • Net increase in promoter group holding: 169,500 shares (0.1584%)

Capital Structure Impact

No change in total share capital. The acquisition represents a transfer of existing shares rather than new issuance.

Financial Impact

Financial impact not quantified in the disclosure beyond the share acquisition details.

Additional Information

  • No shares were encumbered (pledged/lien/non-disposal undertaking)
  • No warrants/convertible securities or other instruments involved
  • No voting rights otherwise than by equity shares
  • The company is listed on BSE Limited
  • Total voting capital remains unchanged at 106,985,070 shares