Health X Platform Limited disclosed that its material subsidiary Sastasundar Healthbuddy Limited executed a Share Purchase Agreement on February 25, 2026. Envision India Fund will acquire 10,13,766 equity shares (4.68% stake) from Mitsubishi Corporation at Rs. 493.21 per share, totaling Rs. 49,99,99,528.86. The transaction is subject to agreed conditions and will result in Mitsubishi Corporation ceasing to be a shareholder of SHBL.
Sastasundar Healthbuddy Limited Executes Share Purchase Agreement for 4.68% Stake Sale
Sastasundar ventures has announced a significant share transaction involving its material subsidiary Sastasundar Healthbuddy Limited (SHBL). The company disclosed under Regulation 30 of SEBI regulations that a Share Purchase Agreement was executed on February 25, 2026, facilitating a stake transfer between institutional investors.
Transaction Details
The share purchase agreement involves three parties: Sastasundar Healthbuddy Limited, Mitsubishi Corporation as the seller, and Envision India Fund as the buyer. The transaction parameters are structured as follows:
Parameter: Details Shares to be transferred: 10,13,766 equity shares Stake percentage: 4.68% of total issued and paid-up share capital Price per share: Rs. 493.21 Total consideration: Rs. 49,99,99,528.86 Seller: Mitsubishi Corporation Buyer: Envision India Fund
Regulatory Compliance
Health X Platform Limited, formerly known as Sastasundar Ventures Limited, received the transaction intimation from its material subsidiary SHBL on February 25, 2026 at 7:57 P.M. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Impact on Shareholding Structure
Upon completion of this acquisition, Mitsubishi Corporation will cease to be a shareholder of Sastasundar Healthbuddy Limited. The transaction is subject to the satisfaction of agreed terms and conditions as stipulated in the Share Purchase Agreement. Envision India Fund will acquire the 4.68% stake, representing a significant institutional investment in the healthcare subsidiary.
Corporate Structure
Sastasundar Healthbuddy Limited operates as a material subsidiary of Health X Platform Limited. The parent company maintains its listing status and continues to fulfill disclosure obligations regarding material developments in its subsidiaries. The transaction demonstrates ongoing investor interest in the healthcare technology sector, with institutional funds actively participating in stake acquisitions.
Sastasundar ventures has disclosed multiple share acquisitions by its promoter under SEBI insider trading regulations. The company has informed BSE and NSE about these transactions through formal disclosures, demonstrating continued promoter confidence in the company.
Recent Promoter Share Acquisitions
Promoter Banwari Lal Mittal has made two separate acquisitions of equity shares through market purchases. The first transaction was executed on 11.02.2026, followed by another acquisition on 18.02.2026, both intimated to the company on their respective transaction dates.
Parameter: First Transaction Second Transaction Promoter Name: Banwari Lal Mittal Banwari Lal Mittal PAN: ADMPM0065G ADMPM0065G DIN: 00365809 00365809 Transaction Date: 11.02.2026 18.02.2026 Intimation Date: 11.02.2026 18.02.2026 Disclosure Date: 13.02.2026 19.02.2026
Transaction Summary
The market purchases involved a total of 13,000 equity shares across two transactions with a combined transaction value of Rs. 38,68,525.02, inclusive of taxes. These acquisitions represent a strategic increase in the promoter's stake in the company.
Transaction: Shares Acquired Transaction Value Shareholding Before Shareholding After First Purchase: 8,000 Rs. 24,13,008.89 33.7580% 33.7832% Second Purchase: 5,000 Rs. 14,55,517.13 33.7832% 33.7989% Total Impact: 13,000 Rs. 38,68,525.02 33.7580% 33.7989%
Progressive Shareholding Changes
The cumulative effect of both transactions shows a steady increase in promoter shareholding, reflecting continued confidence in the company's prospects.
Metric: Initial Position After First Transaction After Second Transaction Total Change Number of Shares: 1,07,38,603 1,07,46,603 1,07,51,603 +13,000 Shareholding %: 33.7580% 33.7832% 33.7989% +0.0409%
Regulatory Compliance
Both disclosures were made pursuant to Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Company Secretary and Compliance Officer Pratap Singh submitted the required Form C to both BSE (Stock Code: 533259) and NSE (Symbol: SASTASUNDR) for each transaction.
The company confirmed that no derivative trading was involved in either transaction, with all derivative-related fields marked as "N.A." in the regulatory filings. These acquisitions strengthen the promoter's position in Sastasundar Ventures Limited while maintaining full regulatory compliance throughout both transactions.
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