Vikram Thermo India files SAST disclosure for Dhirajlal Patel and PACs

What Vikram Thermo India announced

Vikram Thermo India Ltd (BSE: 530477) submitted a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 25 June 2026. The filing relates to an acquisition of shares by Dhirajlal Patel and persons acting in concert (PACs) with him. Under SEBI rules, any acquisition that results in a person or group holding 5% or more of a listed company's equity, or an increase of 1% or more in an existing holding, must be reported through a Regulation 29(2) notice.

The company’s filing does not provide the exact number of shares acquired, the percentage of total equity now held, or the monetary consideration involved. It merely confirms that the threshold for a substantial acquisition has been met, prompting the mandatory disclosure.

Details of the disclosure

• Acquirer: Dhirajlal Patel and persons acting in concert (PACs).
• Regulatory basis: SEBI (SAST) Regulations, 2011 – Regulation 29(2).
• Filing date and time: 25 June 2026, 10:23:54 UTC.
• Exchange: Bombay Stock Exchange (BSE), security identifier 530477.
• Content of filing: A statement that the acquisition has crossed the SEBI threshold; no quantitative data on share count or value was disclosed.

The absence of specific figures is typical for initial SAST notices, which often serve to alert the market of a material change in shareholding. Subsequent filings, such as a Regulation 29(1) or a formal offer document, may provide more granular information if the acquirer intends to increase its stake further or launch a takeover offer.

Key facts at a glance

Why this matters for investors

The filing signals that a significant shareholder, Dhirajlal Patel, together with related parties, now holds a material stake in Vikram Thermo India. While the exact size of the holding is unknown, crossing the SEBI threshold can have several implications:

• Transparency – Existing shareholders gain early visibility of a potentially influential investor.
• Governance – Large shareholders may seek board representation or influence strategic decisions.
• Future actions – If the acquirer wishes to increase the stake further, additional regulatory filings (e.g., Regulation 29(1) or a formal open offer) may follow.

Investors should monitor subsequent disclosures for details on the size of the holding, the intent behind the acquisition, and any possible impact on corporate governance.

Conclusion

Vikram Thermo India Ltd has complied with SEBI’s SAST regulations by filing a Regulation 29(2) notice on 25 June 2026, indicating that Dhirajlal Patel and associated parties have acquired a shareholding that meets the substantial acquisition threshold. The filing does not reveal the exact share count or monetary value, and no further action has been announced. Stakeholders should watch for future filings that may elaborate on the size of the stake and any strategic intentions of the new shareholder group.