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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Growth Catalyst3/10
Governance Concern2/10
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Market Sentiment5/10

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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