Promoter Acquisition: Harshad Patel Acquires Shares in Rishi Laser Ltd via Warrant Conversion
Rishi Laser Ltd has recorded an increase in promoter holding following the acquisition of equity shares by Mr. Harshad Bhavanbhai Patel, the company's Promoter and Managing Director. The transaction involves the exercise of an option to convert warrants into equity.The details confirm that Mr. Harshad Bhavanbhai Patel acquired 1,25,000 equity shares of Rishi Laser Ltd through the conversion of warrants. This acquisition was recorded on June 4, 2026.
As a result of this transaction, the promoter group's stake in the company has increased. The following table details the shareholding and capital status before and after the acquisition:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Total Voting Capital / Equity Share Capital | Rs. 9,99,26,000 | Rs. 9,99,26,000 |
| Promoter Holding (Shares carrying voting rights) | 12,96,626 | 14,21,626 |
| Promoter Holding (% of Total Voting Capital) | 14.11% | 14.23% |
The acquisition involved the conversion of warrants/convertible securities into equity shares, accounting for 1,25,000 shares acquired in the process. The company's total diluted shareholding after the transaction remains unchanged based on the provided data.
Stock Price Movement
Rishi Laser Ltd closed trading on Friday at ₹118.40, as shares shed 2.59% in post-market activity. The stock moved within a notable intraday range, hitting lows of ₹117.70 and highs of ₹123.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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