NSEDisclosure under SEBI Takeover Regulations2d ago · 17 Aug 2026, 07:54 pm

Disclosure under SEBI Takeover Regulations

LEAP India Limited · LEAPIND

✦ AI SummaryRegulatory

LEAP India Limited has disclosed a filing under SEBI Takeover Regulations, 2011, as Vertical Holdings II Pte. Ltd. holds more than 5% of the company's share capital at listing.

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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10

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Full Announcement

Goh Ping Hao has submitted to  the Exchange a copy of Disclosure under Regulation 29(1) of SEBI (SAST) Regulations, 2011.

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Date: August 14, 2026 BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Maharashtra, India National Stock Exchange of India Limited Exchange Plaza Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051 Maharashtra, India Compliance Officer, LEAP India Limited 14th Floor, Commerz International Business Park Oberoi Garden City Off Western Express Highway, Goregaon (East) Mumbai - 400063 Maharashtra, India Sub: Disclosure under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI Takeover Regulations”) Dear Sir/ Madam, Enclosed is a disclosure made by Vertical Holdings II Pte. Ltd. under Regulation 29(1) of the SEBI Takeover Regulations, as it holds more than 5% of the share capital of LEAP India Limited at listing. We request you to kindly take the above on record. Thanking you, Yours faithfully, Name: Goh Ping Hao Designation: Director Place: Singapore (signature page to follow) Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Part A – Details of the Acquisition1 Name of the Target Company (“TC”) LEAP India Limited Name(s) of the acquirer and Persons Acting in Vertical Holdings II Pte. Ltd. (“Acquirer”) Concert (“PAC”) with the acquirer Persons Acting in Concert with the Acquirer KIA EBT Scheme 3 (acting through its trustee, Catalyst Trusteeship Limited) (“KIA EBT”) Whether the acquirer belongs to Yes Promoter/Promoter group Name(s) of the Stock Exchange(s) where the (i) National Stock Exchange of India Limited shares of TC are Listed (ii) BSE Limited 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 28,05,96,2682 -3 68.11%4 b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) c) Voting rights (VR) 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) e) Total (a+b+c+d) 28,05,96,268 - 68.11% Details of acquisition: NIL NIL NIL a) Shares carrying voting rights acquired 1 The shares of the TC have been listed on the Stock Exchanges on August 13, 2026. The Acquirer (and its PAC i.e. KIA EBT) is an existing shareholder of the TC and is making this filing as it holds 5% or more of the shares of the TC post listing. 2 The number of shares held by the Acquirer (along with PAC) in the TC are prior to the sale of shares by it in the TC as a part of the offer for sale (“OFS”) component in the IPO of the TC. 3 The prospectus filed by the TC does not contain the pre-offer percentage shareholding of the Acquirer on a non-fully diluted basis. 4 This is sourced from the prospectus filed by the TC and has been determined based on the total fully diluted equity shares, taking into account all convertible, and vested (but not unvested) ESOPs granted by the TC. b) VRs acquired otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying category) acquired d) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) e) Total (a+b+c+d) NIL NIL NIL After the acquisition, holding of acquirer along with PACs of: a) Shares carrying voting rights acquired 15,48,10,1065 -6 35.01%7 b) VRs acquired otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying category) acquired d) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) e) Total (a+b+c+d) 15,48,10,106 35.01% 35.01% Mode of acquisition (e.g. open market / public Not applicable. issue / rights issue / preferential allotment/ inter-se transfer/encumbrance, etc.) Salient features of the securities acquired Not applicable. including time till redemption, ratio at which it can be converted into equity shares, etc. Date of acquisition of/ date of receipt of intimation Not applicable. of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC. Equity share capital / total voting capital of the TC INR before the said acquisition 41,03,47,780/- comprising of 41,03,47,780 equity shares of INR 1/- each fully paid-up.8 Equity share capital/ total voting capital of the TC INR after the said acquisition 44,05,36,458/- comprising of 44,05,36,458 equity shares of INR 1/- each fully paid-up.9 Total diluted share/voting capital of the TC after -10 the said acquisition 5 This filing is being made given that the Acquirer holds more than 5% of share capital of the TC at listing post a sale of shares in the OFS component by the Acquirer and its PAC i.e. KIA EBT. 6 The prospectus filed by the TC does not contain the post-offer percentage shareholding of the Acquirer on a non- fully diluted basis. 7 This is sourced from the prospectus filed by the TC and has been determined based on the total fully diluted equity shares, taking into account all convertible, and vested (but not unvested) ESOPs granted by the TC. 8 This number is sourced from the prospectus and is of the TC prior to the IPO. 9 This number is sourced from the prospectus and is of the TC post the IPO. 10 The prospectus filed by the TC does not contain the total diluted share/voting capital of the TC post-listing. Part B*** Name of the Target Company: LEAP India Limited Name(s) of the acquirer and Whether the acquirer belongs to PAN of the acquirer and/ or Persons Acting in Concert Promoter/ Promoter group PACs (PAC) with the acquirer Vertical Holdings II Pte. Ltd. Yes AAJCV4595K KIA EBT Scheme 3 (acting Yes AAFTK3869G through its trustee, Catalyst Trusteeship Limited) Signature of the acquirer / Authorized Signatory Place: Singapore Date: August 14, 2026 Note: (*) 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 conversion of the outstanding convertible securities/warrants into equity shares of the TC. (***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.