V.K. Mercantile Private Limited Acquires 30,000 Equity Shares in Dollar Industries Limited

V.K. Mercantile Private Limited has acquired 30,000 equity shares in Dollar Industries Limited through open market purchase, as disclosed in a regulatory filing dated March 21, 2026. The acquisition was completed on March 20, 2026, and represents a strategic increase in the company's existing shareholding.

Acquisition Details

The share acquisition transaction involved the purchase of 30,000 equity shares, representing 0.05% of Dollar Industries Limited's total share capital. V.K. Mercantile Private Limited, which is part of the promoter group of Dollar Industries Limited, executed the transaction through open market purchase.

Transaction Parameter: Details Shares Acquired: 30,000 equity shares Acquisition Date: March 20, 2026 Mode of Acquisition: Open Market Purchase Percentage of Total Capital: 0.05% Nature of Securities: Equity shares

Shareholding Pattern Changes

The acquisition resulted in a marginal increase in V.K. Mercantile's shareholding in Dollar Industries Limited. The company's total holding increased from 79,74,670 shares to 80,04,670 shares, representing an increase in ownership percentage from 14.06% to 14.11%.

Shareholding Details: Before Acquisition After Acquisition Change Number of Shares: 79,74,670 80,04,670 +30,000 Percentage Holding: 14.06% 14.11% +0.05% Voting Rights: 14.06% 14.11% +0.05%

Company Information

Dollar Industries Limited maintains its equity share capital at 5,67,16,120 equity shares of INR 2 each, totaling INR 11,34,32,240. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited. V.K. Mercantile Private Limited, incorporated with CIN U51109WB1989PTC047489, operates from Kolkata and holds PAN AABCV0257A.

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Ankit Gupta, Director of V.K. Mercantile Private Limited (DIN: 07194153), and submitted to both stock exchanges where Dollar Industries Limited shares are traded. The transaction maintains transparency in shareholding patterns as required under SEBI regulations for promoter group entities.

Dollar Industries Limited has received observation letters from both major stock exchanges regarding its proposed composite scheme of arrangement. The company received the BSE observation letter on March 10, 2026, following the earlier NSE approval on March 6, 2026. Both approvals were disclosed through regulatory filings under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Scheme Structure and Entities

The composite scheme involves multiple entities in a complex corporate restructuring arrangement. Dollar Industries Limited serves as the transferee company, while the scheme encompasses nine other companies in various roles.

Entity Role: Company Name Transferee Company: Dollar Industries Limited Demerged Company: Dindayal Texpro Private Limited (DTPL) Transferor Company 1: ADDS Projects Private Limited (APPL) Transferor Company 2: Amicable Properties Private Limited (AMPPL) Transferor Company 3: Bhawani Yarns Private Limited (BYPL) Transferor Company 4: Dollar Brands Private Limited (DBPL) Transferor Company 5: Goldman Trading Pvt. Ltd. (GTPL) Transferor Company 6: KPS Distributors Private Limited (KDPL) Transferor Company 7: PHPL Properties Private Limited (PPPL) Transferor Company 8: Zest Merchants Private Limited (ZMPL)

Stock Exchange Approvals and SEBI Comments

Both NSE and BSE have provided their respective approvals for the scheme. NSE conveyed its "No objection" under Regulation 37 of SEBI (LODR) Regulations, 2015, while BSE stated it has "no adverse observations" with reference to listing requirements. Both approvals enable Dollar Industries to file the draft scheme with the National Company Law Tribunal (NCLT).

Exchange: Approval Date Validity Period NSE: March 6, 2026 Six months from approval date BSE: March 10, 2026 Six months from approval date

The approvals came after SEBI provided detailed comments on the draft scheme through its letter dated February 26, 2026, following the exchanges' submissions pursuant to SEBI Master Circular dated June 20, 2023.

Key Compliance Requirements

The observation letters outline extensive compliance requirements that Dollar Industries must fulfill during scheme implementation. These include ensuring compliance with Regulation 11 of SEBI (LODR) Regulations, 2015, and disclosing all details of ongoing adjudication and recovery proceedings against the company, its promoters, and directors before NCLT and shareholders.

Financial and Disclosure Obligations

The company must ensure that financials in the scheme, including those considered for valuation reports, are not older than six months. Additionally, comprehensive disclosures must be made in the explanatory statement accompanying resolutions sent to shareholders, including:

Pre and post-scheme net worth of all entities involved

Revenue, PAT, and EBITDA details for the last three years

Details of registered valuers and merchant bankers

Growth rate considerations for future cash flow projections

Capital build-up since incorporation and shareholding patterns

Value of assets and liabilities being transferred

Financial implications on promoters and public shareholders

Implementation Timeline and Conditions

Both observation letters carry a validity period of six months from their respective dates, within which the scheme must be submitted to NCLT. The exchanges have reserved their rights to raise objections at any stage if submitted information is found incomplete, incorrect, misleading, or false.

Parameter: Details Board Approval Date: September 26, 2025 NSE Letter Date: March 6, 2026 BSE Letter Date: March 10, 2026 Next Step: File scheme with NCLT Compliance Requirement: Status report filing on respective platforms

The company must file compliance status reports stating adherence to each point of the observation letters through the respective exchange platforms. Dollar Industries has made both observation letters available on its website at www.dollarglobal.in as required under the disclosure norms.

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.