Craft Emerging Market Fund PCC has disclosed a substantial acquisition of shares in OM Power Transmission Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition involves two entities within the fund structure: Craft Emerging Market Fund PCC - Citadel Capital Fund and Craft Emerging Market Fund PCC - Elite Capital Fund.
Acquisition Details
The acquirer has purchased 1,725,381 shares carrying voting rights in OM Power Transmission Limited. This acquisition represents 5.03% of the company's total share capital and voting capital, as well as 5.03% of the total diluted share and voting capital. Prior to this acquisition, the acquirer held no shares in the target company.
Parameter Number of Shares % of Total Share/Voting Capital % of Total Diluted Share/Voting Capital Shares acquired 1,725,381 5.03 5.03 Holding after acquisition 1,725,381 5.03 5.03
Transaction Information
The acquisition was executed through a combination of IPO and open market purchases. The date of acquisition was recorded as April 16, 2026. OM Power Transmission Limited's equity share capital and total voting capital stood at 34,245,000 shares both before and after the acquisition. The total diluted share and voting capital of the company also remained at 34,245,000 shares post-acquisition.
Company and Acquirer Profile
OM Power Transmission Limited is listed on the National Stock Exchange (NSE). The acquirer, Craft Emerging Market Fund PCC, has confirmed that it does not belong to the promoter or promoter group of the target company. No warrants, convertible securities, or other instruments entitling the acquirer to receive shares carrying voting rights were involved in this transaction. Additionally, there are no shares held in the nature of encumbrance such as pledge, lien, or non-disposal undertaking.
Om Power Transmission Limited has adopted a comprehensive Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI), reinforcing its commitment to regulatory compliance and transparent market practices. The company filed the formal intimation with stock exchanges on April 17, 2026, as required under Regulation 8(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Regulatory Compliance Framework
The newly adopted code establishes a structured framework for handling UPSI to ensure timely and adequate disclosure of information that could impact the price of the company's securities. Om Power Transmission has designated its Chief Financial Officer as the Investor Relations Officer (IRO), who will be responsible for dissemination of information and disclosure of UPSI.
Parameter: Details Filing Date: April 17, 2026 Regulation: SEBI (Prohibition of Insider Trading) Regulations, 2015 Designated IRO: Chief Financial Officer Code Availability: Company website ( www.ompowertransmission.com )
Key Components of the Fair Disclosure Code
The code defines UPSI as information relating to the company or its securities that is not generally available and could materially affect security prices upon disclosure. This includes financial results, dividends, capital structure changes, mergers and acquisitions, key personnel changes, rating changes, fund raising activities, and regulatory actions.
The company has established procedures for:
Handling UPSI on a need-to-know basis with appropriate internal controls
Responding to regulatory queries and market rumor verification requests
Managing information sharing with analysts and institutional investors
Maintaining digital databases with audit trails for UPSI tracking
Information Sharing and Legitimate Purposes
The code incorporates a detailed policy for determining legitimate purposes for UPSI sharing, allowing communication with partners, collaborators, lenders, customers, suppliers, advisors, and consultants in the ordinary course of business. All recipients of UPSI are considered insiders and must maintain confidentiality while being restricted from trading on such information.
UPSI Categories: Examples Financial Information: Results, dividends, capital structure changes Business Developments: Mergers, acquisitions, major contracts Personnel Changes: Key managerial appointments, resignations Regulatory Matters: License changes, compliance actions Legal Issues: Litigation outcomes, insolvency proceedings
Digital Database and Monitoring
Om Power Transmission will maintain a structured digital database containing details of UPSI nature, persons sharing information, and recipients, complete with time stamping and audit trails. The database will be preserved for at least eight years after transaction completion, with extended retention during any investigation or enforcement proceedings.
The company has committed to uniform and universal dissemination of UPSI to avoid selective disclosure, with prompt public disclosure when credible information becomes available. All meetings with analysts and investor relations conferences will be transcribed or recorded on the company's official website for documentation purposes.
Corporate Governance and Compliance
As part of the SSP Group plc, Om Power Transmission emphasizes maintaining high corporate governance standards while ensuring compliance with applicable laws and local best practices. The code includes provisions for handling information leakage, with mandatory inquiry procedures and reporting to audit committees and stock exchanges when suspected breaches occur.
The Board of Directors retains authority to amend the code as needed, with all changes requiring intimation to stock exchanges and website updates. Company Secretary and Compliance Officer Hardik Patel (Membership No. A55828) signed the filing, confirming the code's adoption and availability on the company website for stakeholder reference.
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