Dhruvil Minesh Doshi, a prominent investor, has disclosed the acquisition of additional shares in Shalibhadra Finance Limited by submitting the required documents to BSE Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure, dated 19th March 2025, provides detailed information regarding the purchase of shares and the resulting change in the voting rights and holding pattern of the company.

The document reveals that before the acquisition, Dhruvil Minesh Doshi held 39,510 shares of Shalibhadra Finance Limited, accounting for 0.51% of the total shareholding. The recent acquisition of 4,658 shares represents an increase of 0.06% in the shareholding, bringing the total number of shares held by Dhruvil Doshi to 44,168 shares, which now accounts for 0.57% of the total share/voting capital.

The acquisition was made through purchases on the Bombay Stock Exchange (BSE), where the shares of Shalibhadra Finance Limited are listed. As per the guidelines specified under Regulation 29(2) read with 29(3) of the SEBI Takeover Regulations, any individual or entity acquiring shares that result in a change of 0.05% or more of the total voting capital of a listed entity must disclose the details to the stock exchange. This ensures that investors and stakeholders are aware of significant changes in the shareholding pattern and voting rights of the company.

Shalibhadra Finance Limited is a well-established financial services provider, primarily focusing on providing vehicle and consumer finance in rural and semi-urban regions. The company has gained a reputation for its commitment to extending financial services to underserved sections of society, making it a notable entity in the Indian financial market.

As per the disclosure, Dhruvil Minesh Doshi has confirmed that he belongs to the promoter/promoter group, indicating that the acquisition is part of a larger strategy to strengthen his stake in Shalibhadra Finance Limited. This move can be seen as a positive indicator for the company, reflecting the promoter group's confidence in its future growth prospects and operational stability.

The format of disclosure as per Annexure-2 of Regulation 29(2) outlines the details of the acquisition, including the exact number of shares acquired, the percentage increase in shareholding, and any encumbrances or instruments that may affect voting rights. In this case, Dhruvil Minesh Doshi has clarified that the acquisition only involves shares carrying voting rights and there are no encumbrances or other instruments impacting the holding.

By disclosing the transaction, Dhruvil Doshi has demonstrated his adherence to SEBI regulations and commitment to maintaining transparency in his dealings with publicly listed companies. Such disclosures are essential for market transparency and ensure that shareholders and market participants have accurate and timely information to make informed decisions.

Additionally, the Corporate Relationship Department of BSE Limited has been requested to take the disclosure on record, ensuring that the details of the acquisition are made available to the public through the BSE portal. The copy of the disclosure has also been marked to Shalibhadra Finance Limited for their internal records.

In conclusion, the acquisition of 4,658 shares by Dhruvil Minesh Doshi reinforces the promoter group’s confidence in Shalibhadra Finance Limited and complies with the requirements of SEBI’s Substantial Acquisition of Shares and Takeover Regulations, 2011. This move will likely have a positive impact on the perception of the company's market standing and future growth prospects. Investors and stakeholders can rest assured that the regulatory requirements have been fulfilled, and the company’s shareholding patterns are transparent and up-to-date.

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