On March 10, 2025, Mrs. Pinky Rungta, a prominent figure in the corporate world and a promoter of Zenith Fibres Limited, made a significant move by acquiring 10.52% of the company’s equity shares. This transaction was conducted through an inter-se transfer and an open market purchase, marking a substantial change in her holding in the company.

Under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI (SAST) Regulations), the disclosure was required to be made to the concerned stock exchanges, which in this case was BSE Limited. The acquisition also follows all necessary regulatory procedures to ensure transparency and compliance.

The total number of shares acquired by Mrs. Pinky Rungta amounted to 414,990 shares, which represents a 10.52% increase in her holding in Zenith Fibres Limited. With this acquisition, her total holding in the company now stands at 25.47% of the total voting shares.

The inter-se transfer involved the acquisition of 414,962 shares from Alpha Stitch-Art Pvt Ltd, a key promoter group company, while an additional 28 shares were purchased on the open market. This was a strategic move, considering the ongoing changes in the stock market and the company’s long-term prospects.

Before the acquisition, Mrs. Rungta’s holding in the company was 14.94%, consisting of 589,432 shares. After the completion of the transaction, her total holding rose to 1,004,422 shares, giving her a 25.47% stake in the company. This acquisition represents a significant increase in her stake and reflects her growing influence in the company's future direction.

The total equity share capital of Zenith Fibres Limited remains unchanged at Rs. 3,94,41,360, divided into 39,44,136 equity shares of Rs. 10/- each. Despite the acquisition, the company’s overall share capital did not alter, showing that the company remains in line with regulatory guidelines for public and promoter shareholding.

The SEBI (SAST) Regulations play a pivotal role in ensuring that the promoters and acquirers follow a transparent and legal process when acquiring a significant stake in publicly listed companies. By complying with these regulations, Mrs. Pinky Rungta not only increased her stake but also reinforced her commitment to ensuring legal compliance and governance within the company.

This acquisition is expected to positively impact the stock performance of Zenith Fibres Limited, as it signals a stronger promoter presence and long-term confidence in the company’s growth prospects. The market will be closely monitoring any further acquisitions or corporate actions by the promoter group in the coming months.

In conclusion, Mrs. Pinky Rungta’s acquisition of a 10.52% stake in Zenith Fibres Limited is a significant development in the corporate world. This move highlights her growing influence within the company and her strategic vision for its future. With full adherence to SEBI’s (SAST) regulations, the acquisition is expected to shape the company’s trajectory, benefiting shareholders and the broader market alike. The transparency shown throughout the process underscores the importance of corporate governance and compliance in India’s fast-evolving business landscape.

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