Savita Oil Technologies files SEBI Reg 29(2) disclosure for Siddharth Mehra share acquisition

What Savita Oil Technologies announced

Savita Oil Technologies Ltd (BSE: 524667) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 18 June 2026. The filing relates to an acquisition of shares by Siddharth Mehra that meets the regulatory definition of a substantial acquisition.

The notice, filed through the Bombay Stock Exchange, does not provide the exact number of shares acquired, the percentage of the total issued share capital, or the monetary consideration involved. It merely confirms that the acquisition has triggered the statutory reporting requirement.

Details of the disclosure

• Acquirer: Siddharth Mehra (individual investor).
• Company: Savita Oil Technologies Ltd.
• Filing date: 18 June 2026 (09:24 UTC).
• Regulatory basis: Regulation 29(2) of the SEBI (SAST) Regulations, 2011, which mandates disclosure when an entity acquires shares that cross any of the prescribed thresholds (1 %, 5 %, 10 %, 15 %, 20 %, 25 %, 30 %, 50 % or 75 % of the voting share capital).
• Information disclosed: The filing confirms the occurrence of a substantial acquisition but omits quantitative details such as share count, percentage ownership, or transaction price.

The filing does not disclose the amount of shares or the value of the transaction.

Regulation 29(2) – what it entails

Regulation 29(2) requires any person who acquires shares that cause their holding to cross a prescribed threshold to promptly disclose the acquisition to the stock exchange and SEBI. The purpose is to ensure market transparency and allow other shareholders to assess potential changes in control.

Key points of the regulation:

1. Thresholds – The rule applies when holdings cross any of the specified percentages of voting rights.
2. Timing – Disclosure must be made within two working days of the acquisition.
3. Content – The notice must state the acquirer's name, the number of shares acquired, the percentage of total share capital, and the consideration paid, unless the acquirer is exempt under specific conditions.
4. Consequences – Failure to comply can attract penalties and may trigger a mandatory open offer if the acquirer crosses the 25 % threshold.

In this case, the filing satisfies the timing and procedural requirements, but the exact figures remain undisclosed.

Key facts at a glance

Why this matters for investors

The disclosure signals that an individual investor has taken a stake large enough to require regulatory reporting. While the exact size of the holding is unknown, the fact that a Reg 29(2) notice was filed indicates the stake is at least 1 % of the voting share capital. Investors should monitor subsequent filings for any updates on the percentage held, any change in voting rights, or a possible open offer if the holding crosses higher thresholds. The filing does not, by itself, imply any immediate operational or strategic change for Savita Oil Technologies.

Conclusion

Savita Oil Technologies has complied with SEBI’s disclosure requirements by filing a Regulation 29(2) notice on 18 June 2026, confirming that Siddharth Mehra has acquired a substantial shareholding. The filing does not reveal the exact size or value of the acquisition, and no further corporate actions have been announced. Investors should await any follow‑up disclosures that may provide additional detail on the shareholding percentage and any related implications.