Mehul Colours Ltd. Promoter Acquires Shares in Open Market
Mehul Colours Ltd. announced that it received a disclosure on March 18, 2026, regarding a share purchase by Promoter and Managing Director Mehul Pravinchandra Joshi, as per Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.Mr. Joshi acquired 241,600 equity shares through open market transactions. This acquisition increased his total holding, along with persons acting in concert, from 73,04,036 shares, representing 69.24% of the total share/voting capital and diluted share/voting capital, to 75,45,636 shares, representing 71.53% of the total share/voting capital and diluted share/voting capital.
The company’s equity share capital before the acquisition was INR 10,54,90,400.00, divided by 1,05,49,040 equity shares of INR 10 each. The total diluted share/voting capital of the company remains INR 10,54,90,400.00, divided by 1,05,49,040 equity shares of INR 10 each.
The acquisition occurred on March 16, 2026, when the holdings exceeded the regulatory threshold.
Persons Acting in Concert with Mr. Joshi include Bhakti Mehul Joshi, Usha Pravinchandra Joshi, and the estate of Late Pravinchandra Girdharlal Joshi.
| Name of the Target Company (TC) | Mehul Colours Limited (formerly known as Mehul Colours and Masterbatches Private Limited) | |
|---|---|---|
| Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer | Mehul Pravinchandra Joshi, Bhakti Mehul Joshi, Usha Pravinchandra Joshi, Late Pravinchandra Girdharlal Joshi | |
| Name(s) of the Stock Exchange(s) where the shares of TC | BSE Limited | |
| Acquisition Details (Shares carrying voting rights) | Before: 73,04,036 (69.24%) | After: 75,45,636 (71.53%) |
| Acquisition Details (Mode of Acquisition) | Open market |
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