Akhil Mittal Increases Shareholding in Ramchandra Leasing & Finance to 27.17% Through Inter

Promoter Akhil Mittal has increased his stake in Ramchandra Leasing & Finance Limited through the acquisition of additional equity shares. The transaction was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on January 15, 2026. Transaction Details The acquisition involved 2,72,500 equity shares, representing 0.33% of the company's total share capital. The shares were acquired through an inter-se transfer mechanism on January 13, 2026, in compliance with a Share Purchase Agreement dated November 29, 2024. Parameter: Details Shares Acquired: 2,72,500 Acquisition Percentage: 0.33% Transaction Date: January 13, 2026 Mode of Acquisition: Inter-Se Transfer Agreement Reference: Share Purchase Agreement dated November 29, 2024 Shareholding Pattern Changes Prior to this transaction, Akhil Mittal held 2,17,82,481 shares, representing 26.84% of the company's voting capital. Following the acquisition, his total shareholding increased to 2,20,54,981 shares, constituting 27.17% of the total voting capital. Shareholding Details: Before Acquisition After Acquisition Change Number of Shares: 2,17,82,481 2,20,54,981 +2,72,500 Percentage Holding: 26.84% 27.17% +0.33% Voting Rights: 26.84% 27.17% +0.33% Company Information Ramchandra Leasing and Finance Limited is listed on BSE Limited. The company's total equity share capital remains unchanged at ₹8,11,62,000 both before and after the transaction. Akhil Mittal is identified as belonging to the promoter group of the company. Regulatory Compliance The disclosure confirms that no shares were held under encumbrance, and no voting rights were acquired through instruments other than equity shares. The transaction did not involve any warrants, convertible securities, or other instruments that would entitle the acquirer to receive additional voting rights in the company. The formal disclosure was digitally signed by Akhil Mittal and submitted to both BSE Limited and the company's management on January 15, 2026. Ramchandra Leasing & Finance has disclosed a significant shareholding change by promoter Akhil Mittal, who has increased his stake in the company through an inter-se transfer transaction. The acquisition, completed on January 8, 2026, demonstrates continued promoter confidence in the financial services company. Transaction Details The share acquisition involved a transfer of 2,74,000 equity shares, representing 0.34% of the company's total voting capital. The transaction was executed through an inter-se transfer mechanism in compliance with a Share Purchase Agreement dated November 29, 2024. Transaction Parameter: Details Shares Acquired: 2,74,000 Percentage of Total Capital: 0.34% Transaction Date: January 8, 2026 Mode of Acquisition: Inter-Se Transfer Agreement Date: November 29, 2024 Shareholding Pattern Changes Following the completion of this transaction, Akhil Mittal's shareholding position in Ramchandra Leasing and Finance Limited has been revised upward. The promoter's stake has increased from 26.50% to 26.84% of the company's total voting capital. Holding Period: Number of Shares Percentage Holding Before Acquisition: 2,15,08,481 26.50% Shares Acquired: 2,74,000 0.34% After Acquisition: 2,17,82,481 26.84% Company Capital Structure The company's equity share capital remains unchanged at ₹8,11,62,000 following this inter-se transfer transaction. The total voting capital and diluted share capital both stand at ₹8,11,62,000, indicating no dilution effect from this promoter share acquisition. Regulatory Compliance The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Akhil Mittal, identified as a promoter of the company, submitted the required documentation to BSE Limited and the company on January 10, 2026. The transaction involved no encumbrances, voting rights other than shares, or convertible securities. Market Listing Ramchandra Leasing and Finance Limited's shares are listed on BSE Limited. The company operates in the financial services sector, providing leasing and finance solutions. This promoter share acquisition reflects ongoing stakeholder commitment to the company's business operations and growth prospects. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. 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