Vaswani Industries Promoter Group Stake Rises to 63.86% After 16.45 Lakh Share Allotment

Vaswani Industries allotted 16,45,000 equity shares to its promoter group on October 23, 2026, lifting the promoter and persons acting in concert holding to 63.86% from 62.06%, ScanX reported. The allotment expanded paid-up capital to 3,45,91,153 equity shares of ₹10 face value from 3,29,46,153 shares.

How the Vaswani Promoter Allotment Was Split

Ravi Vaswani, the primary acquirer, received 3,94,460 shares, taking his holding from 88,77,160 shares (26.94%) to 92,71,620 shares (26.80%). Yashwant Ravi Vaswani acquired 3,94,450 shares, lifting his holding to 10.71%, and Kushal Vaswani acquired 3,94,450 shares, raising his stake from 5.35% to 6.23%.

Sudha Vaswani acquired 1,53,845 shares, moving from 41,13,825 shares (12.49%) to 42,67,670 shares (12.34%). Manisha Vaswani also acquired 1,53,845 shares, taking her stake to 7.16%. Jyotsna Vaswani and Tanya Vaswani each acquired 76,975 shares, bringing their holdings to 0.22%.

The acquisition was executed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The total shares allotted to the promoter group and its PACs came to 2,20,30,153, or 63.69% on the acquirer table, while the overall promoter group stake was stated at 63.86%. The larger share count left some individual percentages lower even as their share totals rose.

Vaswani Industries' Capital Structure After the Issue

According to akta.pro company records, Vaswani Industries is a BSE-listed integrated steel manufacturer in Raipur, Chhattisgarh, producing sponge iron, steel billets and forging ingots. The same records list annual sponge iron capacity of 90,000 MT, steel billet capacity of 105,000 MT and 11.5 MW of captive thermal power generation.

BSE and NSE Clearance for the Preferential Issue

On October 13, 2026, ScanX reported that BSE and NSE granted in-principle approval for a preferential issue of 16.45 lakh equity shares at ₹60 per share to promoters. The exchanges issued their letters on October 12, 2026, and required the company to file a listing application within twenty days of allotment.

On June 24, 2026, Business News Today reported that Vaswani Industries received listing and trading approval for 1,600,000 equity shares and published notices regarding a postal ballot and financial results.