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  3. Puretrop Fruits Promoters Increase Voting Rights to 64.27% Following Buyback Completion
ipo services in India
India IPO
  • 02 May 2026
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 Puretrop Fruits Promoters Increase Voting Rights to 64.27% Following Buyback Completion

Puretrop Fruits Limited completed its buyback offer on May 01, 2026, resulting in promoter voting rights increasing to 64.27% from 60.87%. The company's equity capital reduced from ₹7,96,99,020 to ₹6,86,99,020 with outstanding shares decreasing to 68,69,902. Two promoters, Priyanka Tandon and Mayank Ramesh Tandon, participated by tendering 2,63,673 and 1,72,009 shares respectively, while other promoters retained their holdings.

Puretrop Fruits Promoters Increase Voting Rights to 64.27% Following Buyback Completion

Puretrop Fruits Limited has filed a disclosure under SEBI SAST Regulations following the completion of its buyback offer, resulting in an increase in promoter voting rights. The disclosure, submitted by promoter Ashok Vishindas Motiani on behalf of all promoters and promoter group members, details the changes in shareholding structure following the buyback completion on May 01, 2026.

Promoter Shareholding Changes

The buyback resulted in a significant increase in the collective voting rights of the promoter and promoter group. Their combined shareholding increased from 60.87% to 64.27% of the company's total share capital following the completion of the buyback offer.

Shareholding Details: Before Buyback After Buyback Total Promoter Shares: 48,50,927 44,15,245 Voting Rights (%): 60.87% 64.27% Shares Disposed: - 4,35,682

Individual Promoter Participation

Among the promoter group members, only two individuals participated in the buyback by tendering their shares. The participation details show varying levels of involvement in the buyback offer.

Promoter Name: Shares Tendered Remaining Shares New Voting % Priyanka Tandon: 2,63,673 74,167 1.08% Mayank Ramesh Tandon: 1,72,009 37,991 0.55% Ashok Vishindas Motiani: - 14,52,015 21.14% Freshcap Foodstuff LLP: - 15,85,964 23.09% Nanita Ashok Motiani: - 6,45,542 9.40% Dipti Ashok Motiani: - 6,19,566 9.02%

Company Capital Structure Impact

The buyback significantly altered the company's capital structure, with a substantial reduction in the total number of outstanding equity shares. The equity share capital decreased from ₹7,96,99,020 to ₹6,86,99,020, representing the extinguishment of shares tendered in the buyback offer.

Capital Structure: Before Buyback After Buyback Equity Share Capital: ₹7,96,99,020 ₹6,86,99,020 Number of Shares: 79,69,902 68,69,902 Face Value per Share: ₹10 ₹10

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to BSE Limited, where Puretrop Fruits shares are listed under scrip code 530077 and symbol PURETROP. The company secretary Vanshika Lunia facilitated the regulatory filing on behalf of the company.

Puretrop fruits Limited has submitted its quarterly compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The submission, dated April 08, 2026, covers the quarter ended March 31, 2026, and demonstrates the company's adherence to mandatory compliance procedures.

Regulatory Compliance Filing

The certificate was filed pursuant to Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Vanshika Lunia signed the submission on behalf of Puretrop Fruits Limited, formerly known as Freshtrop Fruits Limited.

Filing Details: Information Filing Date: April 08, 2026 Quarter Covered: March 31, 2026 Regulation: SEBI Regulation 74(5) Scrip Code: 530077 Scrip ID: PURETROP

Registrar Confirmation

Bigshare Services Private Limited, serving as the company's registrar and transfer agent, issued the compliance certificate on April 07, 2026. The registrar confirmed that all securities received from depository participants for dematerialization up to March 31, 2026, were properly processed and confirmed to the depositories.

The certificate validates that:

Securities received for dematerialization were confirmed (accepted/rejected) to depositories

All securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed

Security certificates received for dematerialization were mutilated and cancelled after due verification

Depository names were substituted in the register of members as registered owners within 15 days of receipt

Corporate Information

Puretrop Fruits Limited operates from its registered office at A-603, Shapath IV, S.G. Road, Ahmedabad-380015, Gujarat. The company maintains its manufacturing unit at Gat No. 598/1, Village Janori, Tal. Dindori, Dist. Nashik-422206, Maharashtra. The compliance filing was also copied to National Securities Depository Limited and Central Depository Services (India) Ltd., ensuring comprehensive regulatory notification.

This routine compliance filing demonstrates Puretrop Fruits Limited's commitment to maintaining proper regulatory standards and transparent handling of dematerialized securities through established depository systems.

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