BSEInsider Trading / SAST12 Oct 2026 · 12 Oct 2026, 03:05 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Komal Infotech Pvt Ltd & Rakesh Shah <BR>
ECS Biztech Ltd · 540063
✦ AI SummaryM&A
ECS Biztech Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, indicating that Komal Infotech Private Ltd and Rakesh Shah have acquired 11,43,410 equity shares representing 5.56% of ECS Biztech Ltd's equity share capital, taking their total holding to 65.42%.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact7/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
ECS Biztech Ltd - 540063 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Attachments (1)
📄pdf
Download →
79C33332_A5BA_43CC_B17B_8584DA237121_150510.pdf
View document text
KOMAL INFOTECH PRIVATE LIMITED
REGD. OFFICE: 40, ASIA HOUSE, NR. SWASTIK CHAR RASTA, NAVRANGPURA, AHMEDABAD -380009
PH No. 079 – 26575757 CIN: U62099GJ2000PTC037463
E Mail: srkpahmedabad@gmail.com
Date: October 12, 2026
To, To,
BSE Limited ECS Biztech Limited
Corporate Relations Department, B-02, The First, ECS Corporate House,
P.J. Towers, Dalal Street, Fort, Mumbai – 400 001 behind Keshvbaug Party Plot, off 132 Ft. Road,
Vastrapur, Ahmedabad-380015, Gujarat, India
Dear Sir/Ma’am,
Sub: Submission of Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011.
With reference to the Captioned Subject, please find enclosed here with disclosure under Regulation 29 (2) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with respect to acquisition of 11,43,410 Equity
Share representing 5.56% Equity Share Capital of ECS Biztech Limited pursuant to Share Purchase Agreement (“SPA”)
dated July 29, 2026. We, along with another Acquirer Mr. Rakesh Ramanlal Shah, have acquired an aggregate
1,34,46,936 Equity Share representing 65.42% Equity Share Capital of ECS Biztech Limited pursuant to Share Purchase
Agreement (“SPA”) dated July 29, 2026.
Please take the same on your record and oblige us.
Thanking You,
For Komal Infotech Private Limited
(Acquirer)
Rakesh Ramanlal Shah
Director
DIN: 00421920
Place: Ahmedabad
Enclosed: As Above
KOMAL INFOTECH PRIVATE LIMITED
REGD. OFFICE: 40, ASIA HOUSE, NR. SWASTIK CHAR RASTA, NAVRANGPURA, AHMEDABAD -380009
PH No. 079 – 26575757 CIN: U62099GJ2000PTC037463
E Mail: srkpahmedabad@gmail.com
Disclosures under Regulation 29(2) of Securities and Exchange Board of India (Substantial Acquisition of Shares
& Takeovers) Regulations, 2011
1. Name of the Target Company (TC) E CS Biztech Limited
2. Name(s) of the acquirer and Persons Acting in Concert Komal Infotech Private Limited
(PAC) with the acquirer Rakesh Ramanlal Shah
3. Whether the acquirer belongs to Promoter/Promoter Yes (please refer note 1)
group
4. Name(s) of the Stock Exchange(s) where the shares of BSE Limited
the TC are listed
5. Details of the acquisition / disposal as follows Number of % w.r.t. total % of total
shares share /voting diluted
capital share/voting
wherever capital of TC
applicable (*) (**)
Before the acquisition/disposal under consideration,
holding of acquirer along with PACs of :-
a) Shares carrying voting rights
Komal Infotech Private Limited 8,03,526 3.91 3.91
Rakesh Ramanlal Shah 1,15,00,000 55.95 55.95
b) Shares encumbered with the acquirer - - -
c) VRs otherwise than by equity shares - - -
d) Warrants/convertible securities/any other instrument that
entitles the acquirer to receive shares carrying voting
rights in the TC (specify holding in each category)
Total (a+b+c+d) 1,23,03,526 59.86 59.86
Details of acquisition/sale:
a) Shares carrying voting rights acquired/sold
Komal Infotech Private Limited 11,43,410 5.56 5.56
Rakesh Ramanlal Shah 0 0 0
b) VRs acquired /sold otherwise than by equity 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
d) Shares encumbered / invoked/released by the acquirer
Total (a+b+c+/-d) 11,43,410 5.56 5.56
After the acquisition/, holding of:
a) Shares carrying voting rights
Komal Infotech Private Limited 19,46,936 9.47 9.47
Rakesh Ramanlal Shah 1,15,00,000 55.95 55.95
b) Shares encumbered with the acquirer - - -
c) VRs otherwise than by equity shares - - -
d) Warrants/convertible securities/any other instrument that
entitles the acquirer to receive shares carrying voting
- - -
rights in the TC (specify holding in each category) after
acquisition: -
Total (a+b+c+d) 1,34,46,936 65.42 65.42
KOMAL INFOTECH PRIVATE LIMITED
REGD. OFFICE: 40, ASIA HOUSE, NR. SWASTIK CHAR RASTA, NAVRANGPURA, AHMEDABAD -380009
PH No. 079 – 26575757 CIN: U62099GJ2000PTC037463
E Mail: srkpahmedabad@gmail.com
6. Mode of acquisition / sale Off-market purchase through Share Purchase
Agreement dated July 29, 2026
7. Date of acquisition / sale of shares / VR or date of
receipt of intimation of allotment of shares, October 08, 2026
whichever is applicable
8. *Equity share capital / total voting capital of the TC ₹ 20,55,50,470 divided into 2,05,55,047 Equity shares
before the said acquisition / sale of ₹10 each
9. Equity share capital/ total voting capital of the TC ₹ 20,55,50,470 divided into 2,05,55,047 Equity shares
after the said acquisition / sale of ₹10 each
10. **Total diluted share/voting capital of the TC after ₹ 20,55,50,470 divided into 2,05,55,047 Equity shares
the said acquisition / sale of ₹10 each
Note-1: Pursuant to Share Purchase Agreement dated July 29, 2026 entered into by Mr. Rakesh Ramanlal Shah and
Komal Infotech Private Limited with promoter & promoter group selling shareholders of the ECS Biztech Limited had
triggered an Open offer under provisions of SEBI (SAST) Regulations. Pursuant to the Open Offer and the transactions
contemplated in the Share Purchase Agreement, the Acquirers have become part of the promoter and Promoter Group of
the Target Company.
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange
under Regulation 31 (b) of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding
convertible securities/warrants into equity shares of the TC.
For Komal Infotech Private Limited
(Acquirer)
Rakesh Ramanlal Shah
Director
DIN: 00421920
Place: Ahmedabad
Date: October 12, 2026