Sarla Performance Fibers Limited, a leading company listed on both BSE and NSE, based in Mumbai, has submitted a crucial disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure, submitted on March 19, 2025, details the minor acquisition of shares by Hindustan Cotton Company, a promoter group entity.

Key Details of the Disclosure

The disclosure highlights that Hindustan Cotton Company (through its partner Sarladevi Madhusudan Jhunjhunwala) has increased its shareholding by acquiring 4346 additional shares of Sarla Performance Fibers Ltd. This acquisition brings their total shareholding to 4,73,21,837 shares, representing 56.6708% of the company's total voting capital.

Breakdown of Shareholding

Before the acquisition, Hindustan Cotton Company held a substantial 56.66% of Sarla Performance Fibers' shareholding, equating to 4,73,17,497 shares. After acquiring the additional shares, their new total is 4,73,21,837 shares, thus maintaining the 56.6708% shareholding, with no change in the percentage relative to the total voting capital.

The acquisition occurred on September 26, 2024, via the open market, and it had a minimal impact on the overall capital structure of the company. The total diluted share/voting capital remains unchanged at 8,35,03,000 shares, as previously reported.

Regulatory Compliance and Filing

This filing complies with SEBI’s regulations governing substantial acquisitions and takeovers, which require parties to disclose any acquisition of 5% or more in the company’s equity or voting capital. The disclosure, submitted in Mumbai, was signed off by Meena Jain, the Company Secretary and Compliance Officer at Sarla Performance Fibers Ltd.

Acquisition Details and Mode

• Acquirer: Hindustan Cotton Company (Promoter Group)
• Target Company: Sarla Performance Fibers Limited
• Date of Acquisition: September 26, 2024
• Shares Acquired: 4346 shares
• Acquisition Mode: Open Market
• Percentage Change in Shareholding: 0.0052% increase
• Total Voting Capital After Acquisition: 56.6708%
• Stock Exchanges Listed On: BSE and NSE

Conclusion

The acquisition of 4346 shares by Hindustan Cotton Company is a minor change in the ownership structure of Sarla Performance Fibers Ltd but remains compliant with the regulatory framework set by SEBI. This filing serves as an important update for stakeholders and regulatory bodies regarding the ongoing corporate governance and shareholder dynamics within the company. The company's total voting capital continues to be 8,35,03,000 shares post-acquisition.

Sarla Performance Fibers Limited remains a significant player in the market, with its shareholding structure continuing to be managed by its promoter group, as disclosed in this filing.

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