FDC Ltd discloses share acquisition by Mohan Anand Chandavarkar Trust and PACs

What FDC Ltd announced

On 29 June 2026, FDC Ltd (BSE: 531599) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing informs the market that the Mohan Anand Chandavarkar Trust – acting through its Managing Trustee, Nandan Mohan Chandavarkar – together with persons acting in concert (PACs), have acquired shares in FDC Ltd. The company has not provided the exact number of shares or the percentage of the total equity that has been acquired.

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mohan Anand Chandavarkar Trust (through its Managing Trustee Nandan Mohan Chandavarkar) & PACs."

Parties involved and regulatory context

• Acquiring parties: Mohan Anand Chandavarkar Trust, represented by Managing Trustee Nandan Mohan Chandavarkar, and a group of persons acting in concert (PACs). The trust is a private entity; the PACs are not individually named in the filing.
• Regulatory basis: Regulation 29(2) mandates that any person or group acquiring a substantial shareholding – typically 5 % or more of a listed company's equity – must disclose the acquisition to the stock exchange within two trading days of the transaction. The purpose is to ensure transparency and protect minority shareholders.
• Filing details: The disclosure was filed on 29 June 2026 at 05:53:44 UTC with the Bombay Stock Exchange (BSE). No further financial terms, such as consideration paid, were disclosed.

Key facts at a glance

Why this matters for investors

The disclosure signals that a trust and associated PACs have taken a material position in FDC Ltd. Under SEBI’s SAST framework, any acquisition crossing the 5 % threshold triggers mandatory reporting, allowing investors to monitor changes in control or influence. While the exact stake is not disclosed, the filing itself confirms that the threshold has likely been met, prompting heightened scrutiny of voting rights, board composition, and future strategic direction. Investors should watch for any subsequent filings that may detail the size of the holding, any share purchase agreements, or intentions to seek board representation.

Conclusion

FDC Ltd has complied with SEBI’s Regulation 29(2) by reporting that the Mohan Anand Chandavarkar Trust and related PACs have acquired shares, though the precise magnitude of the acquisition remains undisclosed. The filing satisfies the immediate transparency requirement, and further disclosures may follow if the parties increase their stake or undertake actions that affect corporate governance.