Savita Oil Technologies files Regulation 29(2) notice on share acquisition by Gautam N Mehra

What Savita Oil Technologies announced

Savita Oil Technologies Ltd (BSE: 524667) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 18 June 2026. The filing informs the market that Gautam N Mehra has acquired shares in the company that meet the statutory trigger for a “substantial acquisition”.

The notice itself is brief and does not provide the exact number of shares, the percentage of total equity acquired, or the price paid. It merely confirms that the acquisition has crossed the threshold that obliges the acquirer to notify the stock exchanges and the Securities and Exchange Board of India (SEBI).

"The Exchange has received the disclosure under Regulation 29(2) of SEBI (SAST) Regulations, 2011 for Gautam N Mehra."

Regulation 29(2) – what it entails

Regulation 29(2) requires any person who acquires more than 5 % of the voting share capital of a listed entity, or whose holding increases by 1 % or more after already holding at least 5 %, to file a notice with the stock exchanges within two business days of the acquisition. The filing must disclose:

• Name of the acquirer
• Number of shares acquired
• Percentage of total equity
• Source of funds and any related agreements

The purpose is to ensure transparency and give other shareholders timely information about changes in control.

Key facts at a glance

Why this matters for investors

The filing confirms that a significant shareholder has increased his stake, which could affect voting dynamics, board composition, and future strategic direction. While the exact size of the holding is not disclosed, the mere fact that the threshold was breached obliges the company to keep the market updated with subsequent filings that will reveal the precise share count and any related agreements. Investors should monitor forthcoming disclosures for a clearer picture of ownership concentration.

Conclusion

Savita Oil Technologies has complied with SEBI’s disclosure requirements by filing a Regulation 29(2) notice on 18 June 2026, indicating that Gautam N Mehra now holds a substantial shareholding. The current notice does not reveal the exact magnitude of the stake; further details are expected in the next statutory filing within the prescribed timeline.