BSEInsider Trading / SAST22h ago · 30 Oct 2026, 05:14 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Altitude Investment Fund PCC Cell 1
Kuber Udyog Ltd · 539408
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Altitude Investment Fund PCC- Cell 1 has acquired 73,59,300 shares of Kuber Udyog Ltd through preferential allotment, increasing its stake to 6.17%.
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Governance Concern1/10
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Kuber Udyog Ltd - 539408 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Altitude Investment Fund PCC – Cell 1
The Gardens, Ground Floor Bagatelle
Office Park, Bagatelle Moka 80832, Mauritius
Date: October 30, 2026
The Department of Corporate Services.
Bombay Stock Exchange Limited,
14th Floor, P.J. Towers, Dalal Street,
Mumbai 400001
Email: corp.relations@bseindia.com
Sir,
Sub: Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011.
Ref: Scrip Code: 539408
Please find attached the Disclosures which are required to be made under Regulation 29(2) of SEBI
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
You are requested to take the same on your records.
Thanking You,
Yours Truly,
For and on behalf of Acquirer
Altitude Investment Fund PCC- Cell 1
Authorised Signatory
Kuber Udyog Ltd
Office Number 156, 1st Floor,
Raghuleela Mega Mall, Kandivali West,
Mumbai, Maharashtra, 400067.
Altitude Investment Fund PCC – Cell 1
The Gardens, Ground Floor Bagatelle
Office Park, Bagatelle Moka 80832, Mauritius
Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
Part-A-Details of the Acquisition
Name of the Target Company (TC) Kuber Udyog Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) Altitude Investment Fund PCC- Cell 1
with the acquirer.
Whether the acquirer belongs to Promoter/Promoter group. No
Name(s) of the Stock Exchange(s) where the shares of TC are BSE Limited
Listed.
Details of the acquisition 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
acquirer along with PACs of:
a) Shares carrying voting rights. 2,61,085 0.22% 0.21%
b) Shares in the nature of encumbrance (pledge/ lien/ non- Nil Nil Nil
disposal undertaking/ others).
c) Voting rights (VR) otherwise than by equity shares Nil Nil Nil
d) Warrants/convertible securities/any other instrument that Nil Nil Nil
entitles the acquirer to receive shares carrying voting rights in
the TC (specify holding in each category).
e) Total (a+b+c+d) 2,61,085 0.22% 0.21%
Details of acquisition of Kuber Udyog Limited
a) Shares carrying voting rights acquired:
Altitude Investment Fund PCC- Cell 1:
Open Market Purchase (12.05.2026) 16,000 0.01% 0.01%
Preferential Allotment (28.10.2026) 73,59,300 6.17% 5.98%
b) VRs acquired otherwise than by equity shares. Nil Nil Nil
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.
Altitude Investment Fund PCC- Cell 1 10,00,000 0.84% 0.81%
d) Shares in the nature of encumbrance (pledge/ lien/ non- Nil Nil Nil
disposal undertaking/ others).
e) Total (a+b+c+/-d) 83,75,300 7.02% 6.80%
After the acquisition, holding of acquirer along with PACs of:
a) Shares carrying voting rights.
Altitude Investment Fund PCC- Cell 1 76,36,385 6.40% 6.21%
b) VRs otherwise than by equity shares. Nil Nil Nil
Altitude Investment Fund PCC – Cell 1
The Gardens, Ground Floor Bagatelle
Office Park, Bagatelle Moka 80832, Mauritius
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) after acquisition.
Altitude Investment Fund PCC- Cell 1 10,00,000 0.008% 0.008%
d) Shares in the nature of encumbrance (pledge/ lien/ non- Nil Nil Nil
disposal undertaking/ others)
e) Total (a+b+c+d) 86,36,385 7.24% 7.02%
Mode of acquisition (e.g. open market / public issue / rights issue Open Market Purchase and
/ preferential allotment / inter-se transfer/encumbrance, etc.) Preferential Allotment
Salient features of the securities acquired including time till Equity shares shall be ranking pari-passu
redemption, ratio at which it can be converted into equity shares, and inter-se with the then existing equity
etc. shares of the Company in all respects
including dividend;
Date of acquisition of/ date of receipt of intimation of allotment Date No of %
of shares / warrants/VR/convertible securities/any other Shares / (Expanded
instrument that entitles the acquirer to receive shares in the TC. Warrants Capital)
12/05/2026 16,000 0.00%
28/10/2026 83,59,300 6.80%
Equity share capital / total voting capital of the TC before the said Rs. 3,43,33,000/- divided in to 34,33,000
acquisition. Equity shares of Rs. 10 each.
Equity share capital/ total voting capital of the TC after the said Rs. 119,26,80,000/- divided in to
acquisition. 11,92,68,000 Equity shares of Rs. 10 each
Total diluted share/voting capital of the TC after the said Rs. 122,96,80,000/- divided in to
acquisition. 12,29,68,000 Equity shares of Rs. 10 each.
Note:
(*) Total share capital/ voting capital is considered as on October 28, 2026, being the date of allotment of
Equity shares and Convertible Warrants pursuant to the Preferential Issue.
(**) 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.
Part-B***
Name of the Target Company: Kuber Udyog Limited
Name(s) of the acquirer and Whether the acquirer belongs PAN of the acquirer and/ or
Persons Acting in Concert (PAC) to Promoter/ Promoter group PACs
with the acquirer
Altitude Investment Fund PCC- No ABBCA0991P
Cell 1
For and on behalf of Acquirer
Altitude Investment Fund PCC- Cell 1
Authorised Signatory