Ishan Dyes and Chemicals Ltd. Announces Acquisition of Equity Shares Through Preferential Allotment
Ahmedabad – Ishan Dyes and Chemicals Ltd. announced the acquisition of 4,23,280 equity shares through a preferential allotment on March 21, 2026. The acquisition, as detailed in a regulatory filing, involved the conversion of convertible equity warrants.According to a disclosure filed with the BSE Limited and National Stock Exchange of India Limited, Anilaben Piyushbhai Patel, a Promoter and Representative of Promoters Group, led the acquisition on behalf of the acquirer group, which includes Piyushbhai Natvarlal Patel, Shrinal Piyushbhai Patel, Mirali Hemantbhai Patel, and Marutbhai Dineshchandra Patel.
Here’s a summary of the changes in shareholding:
Shareholding Details
| Pre-holding on fully diluted basis | Equity Shares Acquired | Post-Holding on fully diluted basis | |
|---|---|---|---|
| Piyushbhai Natvarlal Patel | 20,19,593 | NIL | 20,19,593 |
| Anilaben Piyushbhai Patel | 25,42,325 | 4,23,280 | 29,65,605 |
| Shrinal Piyushbhai Patel | 24,15,210 | NIL | 24,15,210 |
| Mirali Hemantbhai Patel | 26,66,494 | NIL | 26,66,494 |
| Marutbhai Dineshchandra Patel | 1,54,100 | NIL | 1,54,100 |
| Total | 97,97,722 | 4,23,280 | 1,02,21,002 |
Following the acquisition, the total equity share capital of Ishan Dyes and Chemicals Ltd. stands at ₹26,56,36,970 divided into 2,65,63,697 equity shares of ₹10 each. The total diluted share/voting capital of the company is now ₹30,72,52,890 divided into 3,07,25,289 equity shares of ₹10 each.
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