Nautilus acquires 8.63% stake in Lake Shore Realty

Nautilus Private Capital Ltd has disclosed the acquisition of a significant stake in Lake Shore Realty Ltd. The acquisition was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, based in Mauritius, purchased 302,261 equity shares through the open market mechanism.

Acquisition Details

The transaction resulted in Nautilus Private Capital Ltd holding 8.6343% of the total share capital and voting rights of Lake Shore Realty Ltd. Prior to this acquisition, the acquirer held no shares or voting rights in the target company. The acquired shares rank pari-passu and inter-se with the then existing equity shares of the company in all respects, including dividend rights.

Shareholding Pattern

The following table outlines the changes in the shareholding pattern of Lake Shore Realty Ltd following the acquisition:

Description Number of Shares % of Total Share Capital % of Diluted Share Capital Before Acquisition Shares carrying voting rights Nil Nil Nil Total Holding Nil Nil Nil Acquisition Details Shares acquired 302,261 8.6343% 8.6343% After Acquisition Shares carrying voting rights 302,261 8.6343% 8.6343% Total Holding 302,261 8.6343% 8.6343%

Company and Transaction Information

Lake Shore Realty Ltd, formerly known as Mahaan Foods, is listed on both the BSE Limited and the National Stock Exchange of India Limited. The total equity share capital of the target company stands at 35,00,700 equity shares of Rs10 each. The acquisition does not classify Nautilus Private Capital Ltd as belonging to the promoter or promoter group of the target entity. The disclosure was filed with the stock exchanges on April 23, 2026.

Lake Shore Realty Limited (formerly mahaan foods Limited) has officially confirmed to BSE Limited that it does not qualify as a Large Corporate under the Securities and Exchange Board of India (SEBI) regulatory framework for the financial year 2026-27. The confirmation was submitted on April 13, 2026, in compliance with multiple SEBI circulars governing fund raising through debt securities by large entities.

Regulatory Compliance Framework

The disclosure was made pursuant to three key SEBI circulars: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021 (updated April 13, 2022), and circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars pertain to fund raising by issuance of debt securities by large entities and establish specific criteria for determining Large Corporate status.

Company Financial Position

The company's financial disclosure reveals its current borrowing status and compliance parameters:

Parameter Details Company Name Lake Shore Realty Limited CIN L68100DL1987PLC350285 Outstanding Borrowing (March 31, 2026) Nil Credit Rating (Previous FY) Not Applicable Stock Exchange for Fine Payment Not Applicable

Key Financial Metrics

Lake Shore Realty Limited reported nil outstanding borrowings as of March 31, 2026, which places it well below the thresholds established under SEBI's Large Corporate framework. The company confirmed that it does not meet the applicability criteria mentioned in clause 2.2 of the November 2018 circular, clause 1.2 of Chapter XII of the August 2021 circular, and clause 3.2 of the October 2023 circular.

Management Confirmation

The disclosure was signed by two key executives on April 13, 2026. Company Secretary and Compliance Officer Ankit Dinesh Singh provided his digital signature, along with Chief Financial Officer Himanshu Dineshkumar Joshi. Both officials confirmed that the company does not qualify to be identified as a Large Corporate under the SEBI regulatory framework.

Corporate Background

Lake Shore Realty Limited, formerly known as Mahaan Foods Limited, operates under CIN L68100DL1987PLC350285. The company has maintained transparency in its regulatory compliance by submitting the required annexure format as prescribed under the SEBI circulars for the financial year ended March 31, 2026.

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