SmartShift AG Files SEBI Takeover Disclosure for Cambridge Technology Share Sale

SmartShift AG, a German entity based in Mannheim, has filed a comprehensive disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following its substantial equity share sale in Cambridge Technology Enterprises Limited. The disclosure was submitted on March 26, 2026, to both BSE Limited and National Stock Exchange of India Limited, along with the company's compliance officer.

Transaction Overview

The German company executed a significant off-market share sale transaction, disposing of 9,50,000 equity shares of Cambridge Technology Enterprises Limited on March 25, 2026. The transaction details are outlined below:

Parameter: Details Shares Sold: 9,50,000 Transaction Date: March 25, 2026 Mode of Sale: Off-market Percentage Disposed: 4.84% Filing Date: March 26, 2026

Shareholding Pattern Changes

The transaction resulted in a substantial reduction in SmartShift AG's ownership stake in Cambridge Technology Enterprises. The shareholding pattern changed significantly following this divestment:

Holding Period: Number of Shares Percentage Holding Before Transaction: 12,21,100 6.22% Shares Sold: 9,50,000 4.84% After Transaction: 2,71,100 1.38%

Regulatory Compliance Framework

SmartShift AG submitted the disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The formal documentation was addressed to multiple stakeholders:

Recipient: Details BSE Limited: Scrip Code 532801, ISIN INE627H01017 NSE India Limited: Symbol CTE Company Compliance Officer: Cambridge Technology Enterprises Limited Document Type: Annexure A with detailed shareholding information

The disclosure identified SmartShift AG as a non-promoter entity, confirming its status outside the promoter group structure. The company provided comprehensive details including voting rights, encumbrances, and convertible securities holdings across all categories.

Share Capital Structure

Cambridge Technology Enterprises Limited maintained consistent equity share capital throughout the transaction period. The company's share capital structure remained stable:

Parameter: Details Total Share Capital: INR 19,63,10,150 Number of Shares: 19,63,10,15 equity shares Face Value: Rs. 10.00 per share Capital Status: Unchanged before and after transaction

The transaction represents a strategic divestment by SmartShift AG, significantly reducing its investment exposure in the Indian technology services company while maintaining full regulatory compliance through proper SEBI disclosure procedures under takeover regulations.

Cambridge Technology Enterprises Limited has announced a significant increase in promoter shareholding, with Cloud Computing LLC acquiring additional equity shares worth ₹2.22 crore. The transaction demonstrates continued confidence from the company's key stakeholder in its business prospects and growth trajectory.

Transaction Details

Cloud Computing LLC completed the acquisition of 9.50 lakh equity shares through an off-market transaction on March 25, 2026. The purchase was executed at a total value of ₹2.22 crore, representing a strategic investment by the promoter entity.

Parameter: Details Transaction Type: Purchase Number of Shares: 9.50 lakh Transaction Value: ₹2.22 crore Execution Mode: Off Market Transaction Date: March 25, 2026

Shareholding Changes

The acquisition resulted in a substantial increase in Cloud Computing LLC's ownership stake in Cambridge Technology Enterprises. The promoter's shareholding pattern shows a clear upward trajectory following this transaction.

Shareholding Position: Before Transaction After Transaction Number of Shares: 99.94 lakh 1.09 crore Percentage Holding: 50.91% 55.75% Security Type: Equity Shares Equity Shares

Regulatory Compliance

The transaction was disclosed in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, specifically under Regulation 7(2) read with Regulation 6(2). Company Secretary and Compliance Officer Priyanka Chugh submitted the required Form C disclosure to both BSE and NSE on March 27, 2026.

Promoter Information

Cloud Computing LLC, registered with PAN AAFCC0616A, operates from One Main Street, Suite 530, Cambridge, USA. The entity serves as the promoter of Cambridge Technology Enterprises Limited and has been actively involved in the company's strategic direction. Raj Kumar Sehgal, acting as the authorized signatory on behalf of Cloud Computing LLC, executed the transaction documentation on March 26, 2026.

The disclosure confirms no derivative trading activities were undertaken as part of this transaction, with the focus remaining solely on equity share acquisition. This strategic move by the promoter reinforces their long-term commitment to Cambridge Technology Enterprises' business operations and future growth initiatives.

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