Lakhotia Polyesters files SEBI Reg 29(2) disclosure on share acquisition in Intensive Softshare

What Lakhotia Polyesters announced

Lakhotia Polyesters (India) Ltd filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The filing, made on 22 June 2026, informs the market that the company, together with certain Persons Acting in Concert (PACs), has acquired shares in Intensive Softshare Pvt Ltd, thereby crossing a statutory shareholding threshold.

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Intensive Softshare Pvt Ltd & PACs."

The announcement does not provide further quantitative details such as the number of shares acquired, the percentage of total equity, or the consideration paid.

Details of the Regulation 29(2) filing

Regulation 29(2) requires any person or group of persons acting in concert to disclose to the stock exchange when their shareholding in a listed company exceeds the prescribed thresholds (typically 5% and subsequent multiples of 1%). The purpose is to ensure transparency and give other shareholders and the market timely information about significant changes in ownership.

In this case, Lakhotia Polyesters disclosed that the acquisition pertains to Intensive Softshare Pvt Ltd, a private entity that is not itself listed on any Indian exchange. The filing therefore relates to a substantial stake taken by Lakhotia Polyesters in a private target, which may be part of a strategic investment or a step towards a future merger or acquisition.

No information was provided on:

• The exact shareholding percentage acquired.
• The monetary value of the transaction.
• Whether any board or shareholder approvals are required.
• Any intended subsequent actions (e.g., a public offer, restructuring).

Key facts at a glance

Why this matters for investors

The filing signals that Lakhotia Polyesters is expanding its investment footprint beyond its core polyester business. Acquiring a stake in a private technology or services firm such as Intensive Softshare could indicate a diversification strategy, but the lack of disclosed financial terms makes it difficult to assess the immediate impact on the company’s balance sheet or cash flow.

From a regulatory standpoint, the Reg 29(2) disclosure satisfies SEBI’s transparency requirements. Investors should monitor subsequent filings for any updates on the size of the stake, the strategic rationale, or any related corporate actions that may affect shareholder value.

Conclusion

Lakhotia Polyesters has complied with SEBI’s takeover code by filing a Reg 29(2) disclosure for its share acquisition in Intensive Softshare Pvt Ltd and associated PACs. While the filing confirms that a material stake has been taken, the company has not disclosed the size or financial terms of the transaction. Investors will need to await further disclosures to understand the strategic intent and any potential impact on the company’s financial position.