Jhaveri Credits & Capital Ltd reports acquisition of 42,166 shares (0.38%) by Bhumit Patel

What Jhaveri Credits & Capital Ltd announced

On 30 June 2026, Jhaveri Credits & Capital Ltd (the "Company") filed a disclosure with BSE under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing records that Bhumit Vinodbhai Patel, acting in his personal capacity and identified as a promoter, acquired 42,166 equity shares of the Company. The acquisition was effected by way of allotment pursuant to a Scheme of Amalgamation and represents 0.38 % of the Company’s diluted share‑voting capital.

The disclosure is a statutory requirement whenever a person acquires a shareholding that meets the thresholds set out in the Takeover Regulations. The filing provides a detailed breakdown of the shares acquired, the mode of acquisition, and the post‑acquisition shareholding position of the acquirer.

Details of the acquisition

• Acquirer: Bhumit Vinodbhai Patel (promoter group).
• Target company: Jhaveri Credits & Capital Ltd (BSE code 531550).
• Number of shares acquired: 42,166 equity shares.
• Percentage of diluted voting capital: 0.38 %.
• Mode of acquisition: Allotment under a Scheme of Amalgamation.
• Date of acquisition: 29 June 2026 (the date of allotment as per the filing).
• Pre‑acquisition holding: The acquirer held zero voting shares in the Company.
• Post‑acquisition holding: 42,166 voting shares, still representing 0.38 % of the diluted capital.

The filing also references the capital structure of the Company before and after the transaction. Prior to the allotment, the equity share capital was Rs 9,48,59,360 represented by 94,85,936 shares of Rs 10 each. After the amalgamation‑related allotment, the equity share capital increased to Rs 11,10,20,240 represented by 1,11,02,024 shares of Rs 10 each. The newly allotted shares to Patel are included in this post‑amalgamation total.

Shareholding impact and regulatory compliance

The acquisition does not trigger any mandatory open‑offer requirement because the post‑acquisition holding remains well below the 25 % threshold that would obligate the acquirer to make an offer to the remaining shareholders. The filing confirms that the acquisition was off‑market (i.e., not through a public open market purchase) and was executed as part of a corporate restructuring – the Scheme of Amalgamation – which has already been approved by the relevant authorities.

Under Regulation 29(2), the acquirer must disclose the details of the transaction within two working days of the acquisition. The Company complied by submitting the disclosure on 30 June 2026, the day after the allotment, and the document was accepted by BSE for record‑keeping.

Key facts at a glance

Why this matters for investors

The filing provides transparency about a promoter‑level share acquisition that could be of interest to existing shareholders. Although the stake acquired is modest, it signals the promoter’s continued interest in the Company’s capital structure following the recent amalgamation. The transaction does not dilute existing shareholders beyond the normal effect of the capital increase associated with the amalgamation, and it does not create any immediate regulatory obligations such as a mandatory open offer. Investors can therefore view the disclosure as a routine compliance filing that confirms the promoter’s participation in the post‑amalgamation equity base.

Conclusion

Jhaveri Credits & Capital Ltd has formally recorded the acquisition of 42,166 shares (0.38 % of diluted voting capital) by promoter Bhumit Vinodbhai Patel, executed through an allotment under a Scheme of Amalgamation on 29 June 2026. The disclosure, filed on 30 June 2026, satisfies SEBI’s Regulation 29(2) requirements and does not trigger any further mandatory actions. The transaction adds a small promoter‑held block to the share register, leaving the broader shareholder composition largely unchanged.

"The acquisition was made by allotment pursuant to the Scheme of Amalgamation and represents 0.38 % of the diluted voting capital of Jhaveri Credits & Capital Ltd," the filing states.