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  3. Shrimay Enterprises Increases Stake in Pricol Limited to 2.14% Through Corporate Amalgamation
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India IPO
  • 01 Apr 2026
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 Shrimay Enterprises Increases Stake in Pricol Limited to 2.14% Through Corporate Amalgamation

Shrimay Enterprises Private Limited has increased its stake in Pricol Limited to 2.14% through the acquisition of 23,65,360 equity shares via corporate amalgamation with Sagittarius Investments Private Limited. The off-market transaction, completed on March 30, 2026, was approved by NCLT on March 10, 2026. The promoter group entity's holding increased from 0.20% to 2.14%, with appropriate regulatory disclosures filed under SEBI takeover regulations.

Shrimay Enterprises Increases Stake in Pricol Limited to 2.14% Through Corporate Amalgamation

Shrimay Enterprises Private Limited has disclosed an increase in its shareholding in pricol Limited following a corporate amalgamation that was completed on March 30, 2026. The transaction involved the transfer of equity shares from Sagittarius Investments Private Limited as part of an approved merger process.

Transaction Details

The shareholding change occurred through an off-market transaction pursuant to the amalgamation of Sagittarius Investments Private Limited with Shrimay Enterprises Private Limited. The merger was approved by the Hon'ble National Company Law Tribunal through its order dated March 10, 2026.

Parameter Details Shares Acquired 23,65,360 equity shares Acquisition Percentage 1.94% Transaction Mode Off-market (Corporate Amalgamation) Completion Date March 30, 2026 NCLT Approval Date March 10, 2026

Shareholding Position

Prior to this transaction, Shrimay Enterprises held 2,44,800 equity shares in Pricol Limited, representing 0.20% of the company's total voting capital. Following the acquisition of shares from Sagittarius Investments, the promoter group entity's holding has increased significantly.

Shareholding Status Number of Shares Percentage Before Acquisition 2,44,800 0.20% Shares Acquired 23,65,360 1.94% After Acquisition 26,10,160 2.14%

Regulatory Compliance

Shrimay Enterprises Private Limited has filed the requisite disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company, which is part of the promoter group of Pricol Limited, has its registered office at 232, Tea Estates, Race Course, Coimbatore – 641018.

The disclosure was signed by Vanitha Mohan, Director of Shrimay Enterprises Private Limited (DIN: 00002168), and submitted to both BSE Limited and National Stock Exchange of India Limited, where Pricol Limited's shares are listed. Pricol Limited's total equity share capital remains unchanged at 12,18,81,498 equity shares of Re.1/- per share following this internal reorganization among promoter group entities.

Pricol Limited has published a regulatory notice regarding the loss of share certificates, submitting the newspaper advertisement copy to stock exchanges in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Share Certificate Loss Details

The company has reported the loss of three share certificates registered in the names of Mrs. Arukkani E.B. and Mr. Sethuramanathan E.B. The affected certificates represent a total of 200 equity shares of face value Rs. 10/- each.

Parameter Details Folio Number 2199 (Old) Total Shares Affected 200 shares Face Value Rs. 10/- each Registered Holders Mrs. Arukkani E.B. and Mr. Sethuramanathan E.B.

The specific certificate details are as follows:

Certificate No. Distinctive Numbers Number of Shares 2211 644546 - 644645 100 16922 1930246-1930295 50 47252 4274411-4274460 50

Duplicate Certificate Process

Pricol Limited has initiated the standard procedure for issuing duplicate share certificates. The company will proceed with issuing replacement certificates in favor of the shareholders unless objections with evidence are received within 15 days of the notice publication.

Regulatory Compliance

The notice was submitted to both the National Stock Exchange of India Limited and BSE Limited on Monday, 23rd March, 2026, through a communication signed by T.G. Thamizhanban, Company Secretary. This submission fulfills the company's obligations under Regulation 30 of SEBI regulations for disclosure of material information.

Risk Advisory

The company has cautioned that any person dealing with the specified shares will be doing so at their own risk. No claims regarding these shares will be entertained after the 15-day notice period expires.

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