BSEInsider Trading / SAST16 Sept 2026 · 16 Sept 2026, 07:49 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Deepak Suresh Chaudhari & PACs
Spectrum Electrical Industries Ltd · 544386
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Deepak Suresh Chaudhari has acquired 2,49,750 warrants convertible into equity shares of Spectrum Electrical Industries Ltd, increasing his stake from 53.05% to 66.88%.
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Spectrum Electrical Industries Ltd - 544386 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Date: September 16, 2026
National Stock Exchange of India BSE Limited Spectrum Electrical
Limited The Corporate Relationship Industries Limited
Exchange Plaza, 5th Floor, Plot No. Department Gat No. 139/1 and 139/2,
C/1, G Block, Bandra Kurla 1st Floor, New Trading Wing, Umala, Jalgaon, Maharashtra,
Complex, Bandra (E) Rotunda Building 425003.
Mumbai-400051 Phiroze Jeejeebhoy Towers, Dalal
Street, Fort
Mumbai, 400001
Dear Sir/Madam,
Target Company: Spectrum Electrical Industries Limited
[NSE Scrip Code: SPECTRUM, BSE Scrip Code: 544386]
Sub: Submission of disclosure required under Regulation 29(2) of SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011
Please find enclosed herewith disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 (“SAST Regulation”) in respect of acquisition of 2,49,750 Warrants convertible into
2,49,750 equity shares of the Company of Spectrum Electrical Industries Limited.
The above Warrants are being acquired by the Undersigned by way of allotment made by Spectrum Electrical
Industries Limited pursuant to Preferential Issue.
You are requested to take note of the above disclosure.
Thanking You,
Yours’ Faithfully
(DEEPAK SURESH CHAUDHARI)
Encl : As above.
Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Name of the Target Company (TC) Spectrum Electrical Industries Limited
Name(s) of the acquirer and Persons Acting in As per Annexure I.
Concert (PAC) with the acquirer
Whether the acquirer belongs to Yes
Promoter/Promoter group
Name(s) of the Stock Exchange(s) where the shares 1. National Stock Exchange of India Limited
of TC are Listed 2. BSE Limited
Details of the acquisition/disposal as follows: Number % w.r.t. total % w.r.t. total
share/voting diluted
capital share/voting
wherever capital of the
applicable TC
Before the acquisition under consideration,
holding of:
83,36,975 53.05% 53.05%
a) Shares carrying voting rights PAC: PAC: PAC:
30,90,285 19.67% 19.67%
b) Shares in the nature of encumbrance (pledge/ - -
lien/ non-disposal undertaking/ others)
c) Voting rights (VR) otherwise than by shares -
d) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to receive - -
shares carrying voting rights in the T C (specify
holding in each category)
e) Total (a+b+c+d) 1,14,27,260 72.72% 72.72%
Details of acquisition/sale
a) Shares carrying voting rights acquired/sold - - -
b) VRs acquired /sold otherwise than by shares
c) Warrants/convertible securities/any other - - -
instrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) acquired/sold 2,49,750 NA 1.44
d) Shares encumbered / invoked/released by the PAC: PAC:
acquirer Nil Nil
e) Total (a+b+c+d) 2,49,750 NA 1.44
After the acquisition/sale, holding of:
a) Shares carrying voting rights 83,36,975 48.79% 48.09%
PAC: PAC: PAC:
30,90,285 18.09% 17.82%
b) Shares encumbered with the acquirer - - -
c) VRs otherwise than by shares - - -
d) Warrants/convertible securities/any other 249,750 NA 1.44
instrument that entitles the acquirer to receive PAC: PAC:
shares carrying voting rights in the TC (specify Nil Nil
holding in each category) after acquisition
e) Total (a+b+c+d) 1,16,77,010 66.88% 67.35%
Mode of acquisition / sale (e.g. open market / off- Preferential allotment
market / public issue / rights issue / preferential
allotment / inter-se transfer etc).
Date of acquisition / sale of shares / VR or date of 11.09.2026
receipt of intimation of allotment of shares,
whichever is applicable.
Equity share capital / total voting capital of the TC 157,13,840 Equity Shares of Rs. 10/- each
before the said acquisition / sale
Equity share capital/ total voting capital of the TC 1,70,87,465 Equity Shares of Rs. 10/- each
after the said acquisition / sale
Total diluted share/voting capital of the TC after 1,73,37,215 Equity Shares of Rs. 10/- each
the said acquisition/ sale
(Assuming 100% conversion of convertible
warrants into equity shares)
Deepak Suresh Chaudhari
Signature of the acquirer / seller / Authorised Signatory
Place: Jalgaon
Date: 16.09.2026
Annexure I
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer
Sr. Name of the Category Details before the Details of the Details After the
No. Promoters/ Acquisition Acquisition Acquisition
Promoter
Group
No. of % of No. of % of No. of % of
Shares Holdi Shares/Wa Holdi Shares Holding
ng rrants ng
Acquired
Acqui
1. Deepak Promoter 83,36,975 53.05 Equity: Nil NA Equity: 48.09
Suresh 83,36,975
Chaudhari (Acquirer)
Warrants:
Warrants:
2,49,750
2,49,750
1.44 1.44
2. Yashoda Promoter 0 0.00 - - 0 0.00
Suresh Group
Chaudhari
(PAC)
2. Sshadj Promoter 0 0.00 - - 0 0.00
Deepak Group
Chaudhari
(PAC)
3. Darshana Promoter 0 0.00 - - 0 0.00
Deepak Group
Chaudhari
(PAC)
4. Mangala Promoter 0 0.00 - - 0 0.00
Sanjay Group
Phirake
(PAC)
5. Hitendra Promoter 0 0.00 - - 0 0.00
Sanjay Group
Phirake
(PAC)
6. Manisha Promoter 0 0.00 - - 0 0.00
Umesh Patil Group
(PAC)
7. Spectrum Promoter 18,68,860 11.89 - - 18,68,860 10.78
Fabricators Group
India Pvt.
(PAC)
Ltd.
8. Bharti Promoter 7,04,775 4.49 - - 7,04,775 4.07
Deepak Group
Chaudhari
(PAC)
9. Meena Sunil Promoter 10 0.00 - - 10 0.00
Jungle Group
(PAC)
10. Kalpana Promoter 5,16,640 3.29 - - 5,16,640 2.98
Rane Group
(PAC)
11. Spectrum Promoter 0 0.00 - - 0 0.00
Electroplater Group
(PAC)
12. Spectrum Promoter 0 0.00 - - 0 0.00
Polytech Group
(PAC)