BSEInsider Trading / SAST1d ago · 24 Jul 2026, 05:13 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vivek Talwar
Nitco Ltd · 532722
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Nitco Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding Vivek Talwar's acquisition of convertible warrants and shares in the company.
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Nitco Ltd - 532722 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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NITCO
TILES MARBLE MOSAICO
To, July 24, 2026
The Manager The Listing Department
Listing Department National Stock Exchange of India Limited
BSE Limited, Exchange
Phiroze Jeejeebhoy Towers, Plaza, Bandra Kurla Complex,
Dalal Street, Bandra (E), Mumbai – 400 051
Mumbai - 400 001 Script code: NITCO
Fax: +91 22 2272 2082/3132
BSE Code: 532722
Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011.
Dear Sir/Madam,
We enclose herewith the disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011 with respect to change in shareholding pursuant to Acquisition of
Convertible warrants by the Promoters of the Company.
You are requested to take note of the same.
Yours Faithfully,
For Nitco Limited
Kamal Abrol
Chief Financial Officer
Encl: A/a
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai,
Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547.
Email: investorgrievances@nitco.in Website: www. nitco.in
Vivek Talwar
Address: The Cliff, 2nd Floor, Plot No.11,
Carmichael Road, Mumbai MH- 400026 India
Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Name of the Target Company (TC) Nitco Limited
Name(s) of the acquirer and Persons Acquirer: Mr. Vivek Prannath Talwar; PAC: Refer
Acting in Concert (PAC) with the Table 1
acquirer
Whether the acquirer belongs to Yes, the Acquirer forms part of the Promoter/ Promoter
Promoter I Promoter group Group/ PAC
Name(s) of the Stock Exchange(s)where the ESE Limited (ESE) and National Stock Exchange of
shares of TC are Listed India Limited (NSE)
Details of the acquisition /disposal as follows Number % w.r.t.total % w.r.t. total
share/ voting diluted
capital share/ votin
wherever g capital of
applicable (*) the TC(**)
Before the acquisition lsale under
consideration, holding of (Please see Table
a) Shares carrying voting rights 4,85,19,741 20.17% 20.17%
b) Shares in the nature of encumbrance
- - -
(pledge/ lien/ non- disposal
undertaking/ others)
c) Voting rights (VR) otherwise than
- - -
shares
d) Warrants/convertible securities/any other
Convertible
instrument that entitles the acquirer tc
Warrants
receive shares carrying voting rights in thE
2,34,10,000
TC (specify holding in each category)
nos. granted
to Mr. Vivek
Prannath
Talwar
e) Total (a+b+c+d)
4,85,19,741 20.17% 20.17%
Details of acquisition/ sale:
65,04,065 2.70% 2.70%
a) Shares carrying voting rights acquired/ sold
b) Voting rights (VR's) acquired/ sold
otherwise than by shares
c) Warrants/convertible securities/ any other
instrument that entities the acquirer to
receive shares carrying voting rights in the
Vivek. Talwar
Address: The Clift 2nd Floor, Plot No.11,
Carmichael Road, Mumbai MH- 400026 India
TC (specify holding in each category)
acquired/ sold
d) Shares encumbered/ invoked/ released b)
the acquirer
e) Total (a+b+c/-d) 65,04,065 2.70% 2 .70%
After the acquisition / sale, holding of
(Please see Table 1):
a) Shares carrying voting rights 5,50,23,806 22.27% 22.27%
acquired
b) Shares encumbered with the - - -
acquirer
- - -
c) VRs otherwise than by shares
d) Warrants / convertible securities /any
remaining
other instrument that entitles the - -
Convertible
acquirer to receive shares carrying
Warrants nos.
voting rights in the TC (specify holding
5505935
in each category) after acquisition
with Mr.
Vivek
Prannath
Talwar
e) Total (a+b+c+d)
5,50,23,806 22.27% 22.27%
Mode of acquisition .,Lsal-e (e.g. open market Conversion of warrant into equity shares
I off-market I public issue/ rights issue /
preferential allotment / inter-se transfer
etc).
Date of acquisition fsa!e of shares/ VR or date 23rd July 2026
of receipt of intimation of allotment of
shares, whichever is Applicable
Equity shares / total voting capital of the TC INR 24,05,66,1050/-(24,05,66,105 equity shares of
before the said acquisition hale INR 10 each)
Equity share capital/ total voting capital Rs. 2,47,07,01,700 /-(2,47,07,0170 equity shares of
of the TC after the said acquisition /sale INR 10 each)
Total diluted share/voting capital of the Rs. 25,25,81,1050 /-(25,25,81,105 equity shares of
TC after the said acquisition /-sale INR 10 each)
Vivek Talwar
Address: The Cliff, 2nd Floor, Plot No.11,
Carmichael Road, Mumbai MH- 400026 India
(*) Total share capital/ voting capital to be taken as per the latest filing done by the company
to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full
conve,sion of the tstanding co( ve;tibl[ mities/wanants into equity sha,es of the TC
Vivek Pran
Promoter
Vivek Talwar
Address: The Cliff, 2nd Floor, Plot No.11,
Carmichael Road, Mumbai MH- 400026 India
TABLEl
Shareholding of acquirer(s), PACs and seller individually in TC (in terms of no. & as a percentage of
the total share/voting capital of the TC) before and after the acquisition:
Shares held before the Shares held after the
Acquisition kale Acquisition kale
%w.r.t
Sr. %w.r.t total share
No N arne of the Shareholders No. of total share No. of capital
equity
equity capital / voting
shares
shares / voting rights of
rights of TC
Acquirer(s) and PACs (other
than Seller(s))
Acquirer
8.82% 2,77,27,734 11.53%
1 Vivek Prannath Talwar 2,12,23,669
Sub-total 8.82% 2,77,27,734 11.53%
2,12,23,669
PA Cs [other than seller]
1 Rajeshwari Prannath Talwar 0 0 0 0
2 Anjali Vivek Talwar 5,43,146 0.24 5,43,146 0.234
3 Poonam Talwar 1,19,432 0.05 1,19,432 0.05
4 Lovraj Talwar 87,301 0.04 87,301 0.04
5 Sanjnaa Talwar 85,517 0.04 85,517 0.04
6 Vivek Talwar (HUF) 27,264 0.01 27,264 0.01
7 A N Talwar (HUF) 2,001 0.00 2,001 0.00
8 Watco Engineering Co. Pvt. Ltd· 0 0.00 0 0
9 Nitco Paints Pvt. Ltd. 784 0.00 784 0
10 Rang Mandir Builders Pvt. Ltd. 0 0.00 0 0.00
11 U shakiran Builders Pvt. Ltd. 2,09,417 0.09 2,09,417 0.09
12 La vend er Properties Pvt. Ltd. 2,08,072 0.09 2,08,072 0.09
13 Prakalp Properties Pvt. Ltd. 1,75,785 0.07 1,75,785 0.07
14 Eden Garden Builders Pvt. Ltd. 0 0.00 0 0.00
15 Nitco Tiles And Marble Industries
85,517 0.04 85,517 0.04
Andhra Pvt. Ltd.
16 Enjoy Builders Pvt. Ltd. 72,646 0.03 72,646 0.03
17 Northern India Tiles Corporation 2,240 0.00 2,240 0.00
18 Northern India Tiles(Sales)Corporation
1 0.00 1 0.00
19 Melisma Finance And Trading Pvt Ltd
2,56,76,949 11.21 2,56,76,949 10.68
Sub-total 2,67,52,926 11.91 2,67,52,926 11.91
!I'otal 4,79,76,595 20.73 5,44,80,660 22.90