Seshasayee Paper discloses Dhanashree Investments' purchase of 78,202 shares

What Seshasayee Paper announced

Seshasayee Paper and Boards Ltd filed a disclosure with the Bombay Stock Exchange on 27 June 2026, reporting a share‑purchase made by Dhanashree Investments Private Ltd. The filing is made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, which requires any party acquiring shares that could affect control to inform the market. The acquisition was executed through open‑market purchases on the National Stock Exchange (NSE) on 25 June 2026.

Details of the acquisition

• Acquirer: Dhanashree Investments Private Ltd (CIN U65993TN1994PTC029413). The company is not part of the promoter group of Seshasayee Paper.
• Shares acquired: 78,202 equity shares, each with a face value of Rs 2.
• Percentage of total capital: 0.124% of Seshasayee Paper’s equity share capital.
• Purchase price: Rs 224.52 per share, translating to an approximate total consideration of Rs 17.5 crore.
• Mode of acquisition: Open‑market purchase on the NSE.
• Date of acquisition: 25 June 2026.

The filing also provides a snapshot of Dhanashree’s shareholding before and after the transaction. Prior to the purchase, the investor held 3,040,204 shares, representing about 4.82% of the diluted voting capital. After adding the 78,202 shares, its holding rose to 3,118,249 shares, or roughly 4.94% of the total diluted share capital.

Shareholding impact

Seshasayee Paper’s total equity share capital consists of 63,068,140 shares of Rs 2 each. The incremental purchase by Dhanashree does not cross any statutory threshold that would trigger a mandatory open offer under the SEBI takeover code, as the post‑transaction holding remains well below the 25% trigger level. However, the increase is material for the investor’s own portfolio, moving its stake closer to the 5% mark, which is often watched by analysts for signalling a growing interest in the company.

Key facts at a glance

Why this matters for investors

The disclosure satisfies SEBI’s transparency requirement, ensuring that all market participants are aware of changes in significant shareholdings. While the stake increase does not constitute a change of control, it does indicate a continued interest by Dhanashree Investments in Seshasayee Paper. Investors may monitor future filings to see if the acquirer moves closer to the 25% threshold that would obligate an open offer to all shareholders. Additionally, the purchase price of Rs 224.52 per share can be used as a reference point for assessing market sentiment on the day of the transaction.

Conclusion

Seshasayee Paper and Boards Ltd has formally recorded the open‑market purchase of 78,202 shares by Dhanashree Investments Private Ltd, bringing the investor’s holding to just under 5% of the company’s diluted share capital. The filing complies with SEBI’s Regulation 29(2) and does not trigger any immediate takeover obligations. Future share‑holding disclosures will reveal whether the acquirer intends to increase its stake further.

The acquisition was executed on 25 June 2026 at Rs 224.52 per share, raising Dhanashree’s holding to 3,118,249 shares (≈4.94 %).