Kushal Chaturvedi Acquires 94% Stake in Viksit Engineering Under SEBI Disclosure

Kushal Chaturvedi has disclosed the acquisition of 2,35,000 equity shares in Viksit Engineering Limited under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition was made through preferential allotment following an NCLT-approved resolution plan, with the disclosure filed on March 27, 2026.

Share Acquisition Details

The acquisition involves 2,35,000 fully paid-up equity shares at a face value of ₹10 each, totaling ₹23,50,000. The shares were allotted pursuant to a resolution plan approved by the National Company Law Tribunal, Mumbai Bench on February 11, 2025. Kushal Chaturvedi, son of Mr. Madan Chaturvedi and residing at CTS 142 Chaturvedi House, Juhu Church Road, Mumbai, filed the mandatory disclosure with BSE Limited.

Acquirer Details: Shares Acquired Face Value (₹) Total Value (₹) Kushal Chaturvedi: 2,35,000 10 23,50,000 Ruchika Chaturvedi (PAC): 2,500 10 25,000 Total: 2,37,500 10 23,75,000

Shareholding Pattern Changes

Following the acquisition, significant changes occurred in the company's shareholding structure. The company's equity share capital increased from ₹1,25,000 comprising 12,500 equity shares to ₹25,00,000 comprising 2,50,000 equity shares. Kushal Chaturvedi emerged as the major stakeholder with 94% ownership, while Ruchika Chaturvedi holds 1% stake as a person acting in concert.

Shareholding Details: Pre-Transaction Post-Transaction Percentage Kushal Chaturvedi: 0 shares 2,35,000 shares 94% Ruchika Chaturvedi: 0 shares 2,500 shares 1% Combined Holding: 0 shares 2,37,500 shares 95%

Regulatory Compliance Framework

The acquisition was made pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kushal Chaturvedi's shareholding exceeded 5% of the total paid-up equity share capital, triggering mandatory disclosure requirements. The acquirer confirmed that both he and Ruchika Chaturvedi belong to the promoter group, with Ruchika Chaturvedi identified as a person acting in concert.

Corporate Resolution Background

The share allotment stems from a resolution plan approved by the NCLT Mumbai Bench on February 11, 2025. Viksit Engineering Limited, incorporated in 1983 and listed on BSE Limited, has its registered office at Room No. 1-2, Kapadia Chambers, 51, Bharuch Street, Masjid Bunder (E), Mumbai. The preferential allotment was conducted in strict compliance with the NCLT order and SEBI regulations.

SEBI Disclosure Requirements

The comprehensive disclosure submitted to BSE Limited includes detailed information about pre and post-acquisition shareholding patterns, mode of acquisition, and salient features of securities acquired. The filing confirms that the acquisition was made through preferential allotment of equity shares in terms of the NCLT-approved resolution plan, with the allotment date recorded as March 27, 2026.

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