FDC Ltd receives Reg 29(2) disclosure of share acquisition by Sandhya Mohan Chandavarkar Trust

What FDC Ltd announced

On 29 June 2026, FDC Ltd (BSE: 531599) disclosed that a substantial acquisition of its shares has been reported under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The notice was filed by Sandhya Mohan Chandavarkar Trust, acting through its Managing Trustee Nandan Mohan Chandavarkar, together with Persons Acting in Concert (PACs).

The exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Sandhya Mohan Chandavarkar Trust (through its Managing Trustee Nandan Mohan Chandavarkar) & PACs.

The filing indicates that the trust and its associated parties intend to acquire a shareholding that meets SEBI’s definition of a “substantial acquisition,” triggering mandatory disclosure requirements.

Details of the disclosure

The BSE filing, dated 29 June 2026 at 05:55:42 UTC, does not provide quantitative details such as the number of shares, the percentage of total equity, or the monetary consideration involved. The notice merely confirms the identity of the acquirer and that the acquisition falls within the scope of Regulation 29(2).

The trust’s involvement suggests a strategic interest in FDC Ltd, but without disclosed figures investors cannot assess the immediate impact on the company’s shareholding pattern.

Regulatory framework

Regulation 29(2) of the SEBI (SAST) Regulations, 2011 mandates that any person or entity acquiring shares that would result in holding 5 % or more of a listed company’s equity, or an increase of 1 % or more in an existing holding, must disclose the acquisition to the stock exchange within two working days. The disclosure must include:

• Identity of the acquirer;
• Number of shares acquired and the percentage of total equity;
• Source of funds and mode of acquisition.

Failure to comply can attract penalties and may affect the validity of the acquisition.

Key facts at a glance

Why this matters for investors

The filing confirms that a new shareholder group is building a material stake in FDC Ltd. While the exact size of the holding is unknown, the requirement to file under Reg 29(2) implies that the acquisition meets or exceeds the 5 % threshold, or represents a 1 % increase over an existing holding. Such a move can lead to changes in voting dynamics, potential strategic shifts, or future proposals from the new shareholders. Investors should monitor subsequent disclosures that will reveal the precise share count and any related agreements.

Conclusion

FDC Ltd has formally reported a substantial share acquisition by Sandhya Mohan Chandavarkar Trust and associated PACs under SEBI’s takeover regulations. The current filing does not disclose the size or price of the transaction, and further disclosures are expected to provide those details. Until then, investors have confirmation of a material new stakeholder but must await additional information to gauge the full impact on the company’s ownership structure.