{"url":"https://newsforagent.com/news/2026-11-05/nimesh-singh-technojet-consultants-stake","markdown_url":"https://newsforagent.com/news/2026-11-05/nimesh-singh-technojet-consultants-stake.md","title":"Nimesh Singh Buys 72.15% of Technojet Consultants","headline":"Nimesh Sahadeo Singh Acquires 72.15% Technojet Stake From Wadia Group","description":"Nimesh Sahadeo Singh bought 1,44,293 shares, or 72.15%, of Technojet Consultants from the Wadia group in an off-market deal and triggered a mandatory open offer.","section":"Mergers & Acquisitions","published_at":"2026-11-05T05:12:32+00:00","modified_at":"2026-11-05T05:12:32+00:00","author":"News Desk","key_takeaways":["Nimesh Sahadeo Singh acquired 1,44,293 shares, or 72.15% of Technojet Consultants, from the Wadia promoter group.","The off-market purchase ran from November 2 to November 3, 2026, under a share purchase agreement dated September 18, 2026.","Singh triggered an open offer on September 18, 2026, and will be classified as promoter once it is completed.","Technojet Consultants makes the Curex Lite visible light curing unit for dental practitioners in India."],"companies":[{"name":"Technojet Consultants","is_primary":true,"profile_url":"https://akta.pro/company-profiles/003njxv/technojet-consultants","website":"http://www.technojet.in"},{"name":"Naperol Investments","is_primary":false,"profile_url":"https://akta.pro/company-profiles/00hbwz2/naperol-investments","website":"https://www.naperolinvestments.com"},{"name":"Goodeed","is_primary":false,"profile_url":"https://akta.pro/company-profiles/0005kax/goodeed","website":"http://www.goodeed.com"}],"source":{"publisher":"ScanX","title":"Wadia group sells 72.15% stake in Technojet Consultants to Nimesh Singh","url":"https://scanx.trade/stock-market-news/companies/nimesh-sahadeo-singh-acquires-72-15-stake-technojet-consultants/55396257"},"other_sources":[],"tags":["Mergers & Acquisitions","Technojet Consultants","Naperol Investments","Goodeed"],"body_markdown":"Nimesh Sahadeo Singh acquired a 72.15% stake in [Technojet Consultants](https://akta.pro/company-profiles/003njxv/technojet-consultants) Ltd, buying 1,44,293 shares from the Wadia group in an off-market transaction on November 2 and November 3, 2026. [ScanX](https://scanx.trade/stock-market-news/companies/nimesh-sahadeo-singh-acquires-72-15-stake-technojet-consultants/55396257) reported the disclosure by Nowrosjee Wadia and Sons Ltd. Technojet Consultants is a BSE-listed Mumbai company, listed since 1982, that sells the Curex Lite visible light curing unit to dental practitioners in India through direct sales.\n\n## How the Technojet Share Sale Was Structured\n\nThe purchase followed a share purchase agreement dated September 18, 2026, and transferred the entire holding of the promoter group to Singh, who held no shares or voting rights beforehand. The sellers were Mr. Ness Nusli Wadia as promoter, Nowrosjee Wadia & Sons Limited, Varnilam Investments And Trading Company Ltd, [Goodeed](https://akta.pro/company-profiles/0005kax/goodeed) Charitable Foundation and [Naperol Investments](https://akta.pro/company-profiles/00hbwz2/naperol-investments) as promoter group entities. Naperol Investments declared a final dividend of ₹16.48 per equity share for FY26 at its 72nd AGM on September 16, 2026, according to ScanX.\n\nNowrosjee Wadia and Sons filed the disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Technojet's total equity share capital stays at ₹20,00,000, split into 2,00,000 equity shares of ₹10 each, so the deal moved existing shares rather than issuing new capital. Singh is not currently part of the promoter group. He triggered an open offer on September 18, 2026, under Regulations 3(1) and 4, and a public announcement was made under Regulation 13(1). The filing states that Singh will be classified as promoter of the company once the open offer is successfully completed.\n\n## Technojet's Financial Profile Before the Transfer\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Technojet Consultants reported a Q1FY26 net loss of ₹2.57 lakh, wider than the ₹1.97 lakh loss a year earlier, while total income from operations rose to ₹2.20 lakh from ₹0.62 lakh. The same records show a standalone net loss of ₹0.04 crore for the quarter ended March 2026 and a final dividend of ₹87 per share for FY 2025-26. The company's headcount range is 51-100 and its revenue estimate is under $1 million.\n\n## Earlier Technojet Filings This Year\n\nTechnojet Consultants reported a standalone net loss of Rs 0.04 crore for the quarter ended March 2026, against a net profit of Rs 0.10 crore a year earlier, Business Standard reported in May 2026. At its 44th AGM on June 19, 2026, shareholders approved a dividend of ₹87 per equity share for the year ended March 31, 2026, ScanX reported. ScanX also reported that the company re-appointed Nitin Hariyantalal Datanwala as a Non-Executive Independent Director for a second five-year term effective August 10, 2026.\n\n## What Follows the Open Offer\n\nSingh's classification as promoter depends on successful completion of the open offer he triggered on September 18, 2026, the filing states.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}