BSEInsider Trading / SAST2d ago · 18 Aug 2026, 11:24 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ACIF 1
Ponni Sugars (Erode) Ltd · 532460
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Ponni Sugars (Erode) Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ACIF 1. ACIF-1 has acquired 5,00,000 shares of Ponni Sugars (Erode) Ltd, increasing its holding to 5.8150% of the total voting capital.
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Full Announcement
Ponni Sugars (Erode) Ltd - 532460 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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ANNEXURE – 2
Name of the Target Company (TC) Ponni Sugar Erode Limited
Name(s) of the acquirer and Persons Acting in Concert ACIF-1
(PAC)
with the acquirer
Whether the acquirer belongs to Promoter/Promoter NO
group
Name(s) of the Stock Exchange(s) where the shares of National Stock Exchange & Bombay Stock Exchange
TC are
Listed
Details of the acquisition / disposal as follows Number % w.r.t. total share/voting % w.r.t. total
Capital wherever Diluted
applicable(*) share/voting capital
of the TC (**)
Before the acquisition under consideration, holding
of :
a)Shares carrying voting rights 8,13,525 9.4613% NA
b)Shares in the nature of encumbrance (pledge/ lien/ NIL NA NA
non-disposal undertaking/ others)
c)Voting rights (VR) otherwise than by shares NIL NA NA
d)Warrants/convertible securities/any other NIL NA NA
instrument that entitles the acquirer to receive shares
carrying
voting rights in the T C (specify holding in each
category)
e)Total (a+b+c+d) 8,13,525 9.4613% NA
Details of sale
f)Shares carrying voting rights sold 3,13,525 3.6463% NA
g)VRs acquired /sold otherwise than by shares NIL NA NA
h)Warrants/convertible securities/any other NIL NA NA
instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) acquired/sold
i)Shares encumbered / invoked/released by the NIL NA NA
acquirer
j)Total (a+b+c+/-d) 3,13,525 3.6463% NA
After the acquisition/sale, holding of:
e)Shares carrying voting rights 5,00,000 5.8150% NA
f)Shares encumbered with the acquirer NIL NA NA
g)VRs otherwise than by shares NIL NA NA
h)Warrants/convertible securities/any other NIL NA NA
instrument
that entitles the acquirer to receive shares carrying
voting rights in the TC (specify holding in each
category) after acquisition
i)Total (a+b+c+d) 5,00,000 5.8150% NA
Mode of acquisition / sale (e.g. open market / off- Open Market
market /
public issue / rights issue / preferential allotment /
inter-se
transfer etc).
Date of sale of shares / VR or date of receipt of 17-08-2026
intimation of allotment of shares, whichever is
applicable
Equity share capital / total voting capital of the TC Rs.8,59,84,180
before the
said acquisition / sale
Equity share capital/ total voting capital of the TC after Rs.8,59,84,180
said acquisition / sale
Total diluted share/voting capital of the TC after the -
said
acquisition
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011
(*) 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.
Signature of the acquirer
Kamalam Rungapadiachy
Atyant Capital India Fund I
Place: C/O IQ EQ Fund Services (Mauritius) Ltd, 33 Edith Cavell Street Port Louis Mauritius 11324
Date: 17 August 2026