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  3. Artha Shree Private Limited Acquires 2.05% Additional Stake in Purshottam Investofin Limited
ipo services in India
India IPO
  • 23 Mar 2026
  • X
 Artha Shree Private Limited Acquires 2.05% Additional Stake in Purshottam Investofin Limited

Artha Shree Private Limited acquired 1,52,440 equity shares (2.05%) of Purshottam Investofin Limited through open market transactions between March 13-20, 2026. This acquisition increased Artha Shree's individual holding to 13.34% and combined holding with person acting in concert Bharat Soni to 13.96%. The disclosure was made under SEBI regulations, with all transactions involving shares of INR 10/- face value each.

Artha Shree Private Limited Acquires 2.05% Additional Stake in Purshottam Investofin Limited

Artha Shree Private Limited has announced the acquisition of 1,52,440 equity shares in Purshottam Investofin Limited , representing 2.05% of the company's paid-up equity share capital. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated March 20, 2026.

Acquisition Details

The acquisition was executed through open market transactions conducted between March 13-20, 2026. The shares acquired carry a face value of INR 10/- each and represent voting rights in the target company.

Transaction Date Shares Acquired March 13, 2026 98 March 17, 2026 1,40,999 March 19, 2026 1,343 March 20, 2026 10,000 Total 1,52,440

Shareholding Pattern Changes

Prior to this acquisition, Artha Shree Private Limited held 8,38,735 equity shares (11.29%) in Purshottam Investofin Limited. The company acts in concert with Bharat Soni, who holds 45,600 shares (0.62%).

Holding Details Before Acquisition After Acquisition Artha Shree Private Limited 8,38,735 shares (11.29%) 9,91,175 shares (13.34%) Bharat Soni (PAC) 45,600 shares (0.62%) 45,600 shares (0.62%) Combined Total 8,84,335 shares (11.91%) 10,36,775 shares (13.96%)

Target Company Information

Purshottam Investofin Limited's equity shares are listed on BSE Limited. The company's total equity share capital remains unchanged at INR 7,42,32,950/-, consisting of 74,23,295 equity shares of INR 10/- each. Artha Shree Private Limited has confirmed that it does not belong to the promoter or promoter group of the target company.

Regulatory Compliance

The acquisition disclosure indicates no encumbrances, warrants, convertible securities, or other instruments that would entitle additional voting rights. The transaction was conducted in full compliance with SEBI regulations, with the disclosure submitted to BSE Limited and copied to Purshottam Investofin Limited's compliance officer.

The disclosure was signed by Anchal Soni, Director of Artha Shree Private Limited (DIN: 08751197), acting as the authorized signatory for the transaction.

Purshottam Investofin Limited announced that its board of directors has approved the issuance of Non-Convertible Debentures (NCDs) worth Rs 30,00,00,000 during a meeting held on March 14, 2026. The board meeting, which commenced at 04:30 P.M. and concluded at 05:40 P.M., resulted in the approval of this significant fundraising initiative through the debt market.

Debenture Structure and Terms

The approved issuance comprises 30 unsecured, unrated, unlisted, redeemable Non-Convertible Debentures, each carrying a face value of Rs 1,00,00,000. The debentures will be issued on a private placement basis at par value, targeting institutional and qualified investors.

Parameter: Details Total NCDs: 30 Face Value per NCD: Rs 1,00,00,000 Total Issue Size: Rs 30,00,00,000 Issue Type: Private Placement Security: Unsecured Listing Status: Unlisted

Interest Rate and Payment Schedule

The NCDs offer an attractive fixed interest rate of 13% per annum with quarterly interest payments. The principal amount will be redeemed at the end of the 18-month tenure from the date of allotment. The company expects to complete the allotment process within one month of board approval.

Financial Terms: Specifications Interest Rate: 13% per annum (Fixed) Interest Payment: Quarterly Tenure: 18 months Principal Redemption: At maturity Allotment Timeline: Within 1 month

Investor Protection Features

The debenture structure includes several investor-friendly provisions. Notably, investors will have the right to exercise a Put Option after completion of 6 months from the deemed date of allotment, and thereafter on a monthly basis. This option requires 7 days prior written notice to the issuer, following which the company must redeem the NCDs at par with accrued interest within 7 days of receiving the Put Notice. The arrangement includes no prepayment charges.

Default and Penalty Provisions

In case of default in payment of interest or principal redemption beyond the due dates, the company will be liable to pay additional interest of at least 2% per annum over the coupon rate for the defaulting period. This provision ensures investor protection and incentivizes timely payments by the issuer.

Corporate Compliance and Communication

The company has formally communicated the board meeting outcome to BSE Limited through a regulatory filing signed by Company Secretary and Compliance Officer Ankit Gupta. The issuance details comply with Regulation 30 of the Listing Regulations and Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company's registered office is located at L-7, Menz Floor, Greenpark Extension, New Delhi -110016, with CIN: L65910DL1988PLC033799.

Corporate Details: Information Company Secretary: Ankit Gupta CIN: L65910DL1988PLC033799 Registered Office: New Delhi Regulatory Compliance: Regulation 30 of Listing Regulations Filing Date: March 14, 2026

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