Sita Enterprises Ltd — Important, 03-11-2025: Company Update

Sita Enterprises Limited has reported a significant change in its promoter shareholding structure. Mr. Jitendra Rasik Lal Sanghvi has become the new promoter, acquiring 21,00,000 shares from the previous promoters and an additional 52,933 shares through an open offer. This brings Mr. Sanghvi's total holding to 21,52,933 shares, representing 71.76% of the company's total issued capital. The earlier promoters now hold 1,50,000 equity shares, constituting 5% of the total capital, and will be reclassified as public shareholders. This reorganisation clarifies the ownership structure, signaling a new controlling interest in the company.