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  3. Available Finance Limited: Promoter Group Member Files SEBI Intimation for 8% Stake Acquisition
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India IPO
  • 17 Mar 2026
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 Available Finance Limited: Promoter Group Member Files SEBI Intimation for 8% Stake Acquisition

Available Finance Limited has filed formal regulatory documentation with BSE regarding promoter group member Tapan Agarwal's proposed acquisition of 8.00% equity stake. The transaction involves purchase of 8,16,296 shares from Archana Coal Private Limited at a maximum price of Rs. 183.204 per share, qualifying for SEBI SAST exemption under inter-se promoter group arrangements.

Available Finance Limited: Promoter Group Member Files SEBI Intimation for 8% Stake Acquisition

Available Finance has received formal intimation from promoter group member Tapan Agarwal regarding a proposed acquisition of equity shares under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations. The transaction involves the purchase of 8,16,296 equity shares representing 8.00% of the company's total equity share capital.

Formal Regulatory Filing

The company has forwarded the intimation received under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011 to BSE Limited through its Company Secretary Suyash Choudhary. The formal communication was submitted on March 17, 2026, with reference number AFL/BSE/2025-26.

Filing Details: Information Reference Number: AFL/BSE/2025-26 Filing Date: March 17, 2026 Company Secretary: Suyash Choudhary (Mem No.: A57731) BSE Security Code: 531310

Transaction Structure

The proposed acquisition involves a transfer of shares between entities within the promoter group structure. Key parameters of the transaction are outlined below:

Parameter: Details Acquirer: Tapan Agarwal (Promoter Group Member) Seller: Archana Coal Private Limited (Promoter) Number of Shares: 8,16,296 equity shares Percentage of Capital: 8.00% Proposed Date: March 24, 2026 Transaction Type: Inter-se Promoter Group Arrangement

Regulatory Compliance and Exemptions

The transaction qualifies for exemption from open offer requirements under Regulation 10(1)(a)(iv) of SEBI (SAST) Regulations, 2011. This exemption applies specifically to inter-se transfers between promoters and promoter group members, eliminating the need for a mandatory open offer to minority shareholders.

Tapan Agarwal has declared compliance with all conditions specified under the relevant SEBI regulations and confirmed that both transferor and transferee have adhered to applicable disclosure requirements under Chapter V of the Takeover Regulations.

Pricing Framework

The acquisition price structure follows SEBI's prescribed methodology for frequently traded shares:

Pricing Component: Value (Rs.) 60-day VWAP: 146.564 per share Maximum Permissible Price: 183.204 per share Price Ceiling: 25% above VWAP

The acquirer has committed that the acquisition price will not exceed 25% above the volume weighted average market price of Rs. 146.564 per share, calculated over 60 trading days preceding the notice date.

Shareholding Pattern Changes

The transaction will result in significant changes to the shareholding pattern within the promoter group:

Entity: Before Transaction After Transaction Shares Percentage Percentage Acquirer & PACs: 7,76,647 (7.611%) 15,92,943 (15.611%) Seller: 58,38,945 (57.224%) 50,22,649 (49.224%)

Post-transaction, Tapan Agarwal's combined holding with persons acting in concert will increase from 7.611% to 15.611%, while Archana Coal Private Limited's stake will decrease from 57.224% to 49.224%.

Corporate Background

Tapan Agarwal serves as President Corporate and COO of S.A & Iron Ore Division at Agarwal Coal Corporation Private Limited, and holds CEO positions at Emerald Developers, Agarwal Real City Private Limited, and Agarwal Real Infra LLP. The acquirer operates from the registered office at Agarwal House, 5 Yeshwant Colony Indore 452003 MP, and has confirmed no prior disclosures under SAST regulations during the previous three years.

Available Finance Limited has successfully submitted its unaudited standalone and consolidated financial results for Q3FY26 ended December 31, 2025, following the completion of its board meeting and regulatory compliance process.

Financial Performance Overview

The company reported a standalone net profit of ₹4.99 lacs for the quarter ended December 31, 2025, compared to ₹4.71 lacs in the corresponding quarter of the previous year. The consolidated profit showed significant growth, reaching ₹2662.11 lacs for the current quarter versus ₹2064.43 lacs in Q3FY24.

Financial Metric: Q3FY26 Q3FY25 Change Standalone Revenue: ₹15.03 lacs ₹14.11 lacs +6.52% Standalone Net Profit: ₹4.99 lacs ₹4.71 lacs +5.94% Consolidated Net Profit: ₹2662.11 lacs ₹2064.43 lacs +28.94% Basic EPS (Consolidated): ₹26.09 ₹20.23 +28.96%

Nine Months Performance

For the nine months ended December 31, 2025, the company demonstrated consistent performance with standalone revenue of ₹44.94 lacs compared to ₹42.62 lacs in the corresponding period last year. The consolidated profit for nine months reached ₹8745.42 lacs against ₹7214.35 lacs in the previous year.

Nine Months Metric: FY26 FY25 Growth Standalone Revenue: ₹44.94 lacs ₹42.62 lacs +5.44% Standalone Net Profit: ₹15.73 lacs ₹15.10 lacs +4.17% Consolidated Net Profit: ₹8745.42 lacs ₹7214.35 lacs +21.23% Basic EPS (Consolidated): ₹85.71 ₹70.70 +21.24%

Board Meeting and Regulatory Compliance

The board meeting was conducted on February 12, 2026, from 4:30 p.m. to 5:30 p.m. at the company's registered office in Indore. The meeting was held in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015, with both the Audit Committee and Board of Directors approving the financial results.

Compliance Detail: Status Board Approval: Completed Auditor Review: SAP Jain & Associates XBRL Filing: In process Website Publication: Planned Newspaper Publication: Planned

Associate Companies Contribution

The consolidated results include significant contributions from associate companies, with share in profits of associates amounting to ₹2657.12 lacs for the quarter and ₹8729.69 lacs for nine months. The associates include Agarwal Coal Corporation Private Limited and Agarwal Fuel Corporation Private Limited.

The company has completed all regulatory filing requirements under Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015, with the financial results being reviewed by statutory auditors SAP Jain & Associates. The results will be published in widely circulated English and Hindi newspapers and hosted on the company's website at www.availablefinance.in .

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