Orbit Exports: Sushila Daga Acquires 7.49% Stake Through Off-Market Transaction

Orbit Exports Limited has received a formal disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, from Sushila Daga regarding a substantial acquisition of shares. The disclosure, dated March 29, 2026, reveals that Sushila Daga and persons acting in concert have acquired an aggregate holding of 7.49% in the company through an off-market transaction completed on March 27, 2026.

Acquisition Structure and Details

The substantial acquisition comprises holdings by two entities working in concert. Sushila Daga, the primary acquirer (PAN: ABOPD3650N), has acquired 4.47% stake in the company, while Kaushik Daga Family Trust, acting as a person in concert, holds 3.01%. Together, their combined holding represents 7.49% of the company's paid-up equity share capital.

Parameter: Details Primary Acquirer: Sushila Daga Acquirer's Holding: 4.47% Person Acting in Concert: Kaushik Daga Family Trust PAC Holding: 3.01% Total Aggregate Holding: 7.49% Transaction Mode: Off Market Acquisition Date: March 27, 2026 Disclosure Date: March 29, 2026

Share Acquisition Breakdown

Sushila Daga acquired 11,85,653 equity shares carrying voting rights, representing 4.47% of the total share capital. The total holding of the acquirer and persons acting in concert amounts to 19,84,717 equity shares, constituting 7.49% of the company's equity. Prior to this acquisition, neither Sushila Daga nor the persons acting in concert held any shares, voting rights, warrants, or convertible securities in Orbit Exports Limited.

Acquisition Component: Number of Shares Percentage Shares Acquired by Sushila Daga: 11,85,653 4.47% Total Shares (Acquirer + PAC): 19,84,717 7.49% Previous Holdings: NIL NIL Voting Rights Otherwise: NIL NIL Warrants/Convertible Securities: NIL NIL

Company Capital Structure and Compliance

Orbit Exports Limited's paid-up equity share capital stands at ₹26,51,11,520, comprising 2,65,11,152 equity shares of ₹10 each. The acquirer does not belong to the promoter or promoter group of the company, indicating this is an acquisition by non-promoter entities.

The disclosure has been made in compliance with SEBI regulations and has been communicated to both the National Stock Exchange of India Limited and BSE Limited, where Orbit Exports shares are listed. The company trades under the symbol ORBTEXP on NSE and security code 512626 on BSE. This acquisition represents a significant stake accumulation by the Daga entities in the export-focused company.

Orbit Exports Limited has received a regulatory disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the substantial acquisition of shares by Varun Daga Family Trust along with persons acting in concert. The acquisition, completed on March 27, 2026, resulted in a combined shareholding of 6.85% in the textile export company.

Acquisition Structure and Details

The substantial acquisition involves Varun Daga Family Trust as the primary acquirer along with persons acting in concert (PACs). The transaction was executed through off-market transfer, with the aggregate holdings reaching 6.85% of Orbit Exports' paid-up equity share capital as of March 27, 2026.

Acquirer Details: Shareholding Percentage Varun Daga Family Trust: Primary Acquirer 3.01% Shreans Daga Family Trust: PAC 3.00% Kanchan Daga: PAC 0.84% Total Combined Holding: 18,16,545 shares 6.85%

Transaction Breakdown

Varun Daga Family Trust acquired 7,99,064 equity shares representing 3.01% of the total share capital through off-market transactions. Prior to this acquisition, the trust and its persons acting in concert held no shares in Orbit Exports Limited. The acquisition brings their total combined holding to 18,16,545 equity shares.

Transaction Parameters: Before Acquisition After Acquisition Shares Held: NIL 18,16,545 Voting Rights: NIL 6.85% Encumbrances: NIL NIL Convertible Securities: NIL NIL

Company Capital Structure

Orbit Exports Limited maintains its paid-up equity share capital of Rs. 26,51,11,520, comprising 2,65,11,152 equity shares with a face value of Rs. 10.00 each. The company's total voting capital and diluted share capital remain unchanged following this acquisition.

Regulatory Compliance

The disclosure was submitted by Varun Daga as Trustee of Varun Daga Family Trust in compliance with SEBI regulations. The acquirer group is classified as non-promoter entities. The formal disclosure letter dated March 29, 2026, was addressed to Orbit Exports' compliance officer and copied to both BSE Limited (Security Code: 512626) and National Stock Exchange of India Limited (Symbol: ORBTEXP) where the company's shares are listed.

Orbit Exports Limited operates from its registered office at 122, 2nd Floor, Mistry Bhavan, Dinshaw Wachcha Road, Churchgate, Mumbai 400020, Maharashtra.

We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better.

Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians.

As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. Most screening, trading, investing platforms available today are more or less similar to each other, and they have not evolved with time. While both traders & investors have gotten smart about how they make money and build wealth, as users they have continued to use the same products, features, and platforms that were available for years with little or no innovation. We plan to change that - a technology-led platform built for super traders and long term investors.