New Light Industries: Amit HUF group reaches 5.77% stake

New Light Industries Limited (Formerly Known as New Light Apparels Limited) disclosed that Amit HUF and two persons acting in concert raised their combined holding to 50.52 lakh equity shares, or 5.77%, after Amit HUF bought 27.52 lakh shares through market purchases from 27 October to 29 October 2026. The group previously held 23 lakh shares, or 2.63%.

How did Amit HUF cross 5% in New Light Industries?

Amit HUF crossed the 5% threshold in New Light Industries by purchasing 27.52 lakh equity shares, equal to 3.14% of total share and voting capital, between 27 October and 29 October 2026. The acquisition was reported in a 30 October 2026 disclosure under Regulation 29(1) of the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011.

The group’s holding increased by 3.14 percentage points, from 2.63% before the purchases to 5.77% afterward. Its share count rose from 23 lakh to 50.52 lakh shares, while the filing identifies the mode as a market purchase rather than a public issue, rights issue, preferential allotment, transfer or encumbrance.

The disclosure reports the same 2.63%, 3.14% and 5.77% figures against total share or voting capital and against total diluted share or voting capital. New Light Industries stated equity share capital, total voting capital and total diluted voting capital of 8.760015 crore equity shares, each with a face value of Re. 1, both before and after the transaction.

Who acted in concert with Amit HUF in New Light Industries?

Kanchan Saraogi and Shyam Sunder Saraogi are the persons acting in concert with Amit HUF in New Light Industries. Before the acquisition, Kanchan Saraogi held 18 lakh shares, or 2.07%, and Shyam Sunder Saraogi held 5 lakh shares, or 0.56%, together accounting for the group’s 23 lakh-share holding.

Amit HUF held no shares before the reported purchases and held 27.52 lakh shares, or 3.14%, after them. Kanchan Saraogi remained at 18 lakh shares and Shyam Sunder Saraogi remained at 5 lakh shares, so the entire increase from 2.63% to 5.77% resulted from Amit HUF’s purchase.

The filing records a 0.00% pre-acquisition holding for Amit HUF, compared with 2.07% for Kanchan Saraogi and 0.56% for Shyam Sunder Saraogi. It also marks each of the three named parties as not belonging to the promoter or promoter group.

What securities and capital base does the filing cover?

The filing covers equity shares carrying voting rights in New Light Industries, each with a Re. 1 face value. It reports 27.52 lakh voting-rights shares acquired and a post-acquisition group holding of 50.52 lakh such shares, while showing no warrants, convertible securities or other instruments entitling the group to future shares.

New Light Industries reported 8.760015 crore equity shares as its equity capital before the acquisition and the same number after it. The move from 2.63% to 5.77% therefore reflects a change in the acquirer group’s holding against an unchanged stated capital base during the 27-29 October 2026 purchase period.

The annexure lists “NA” for salient features of securities, redemption timing and conversion ratios. That disclosure is consistent with the transaction being reported as an acquisition of equity shares through the market, rather than an acquisition of convertible instruments or shares issued by New Light Industries.

What does the Regulation 29(1) disclosure state?

The Regulation 29(1) disclosure states that Amit HUF acquired 27.52 lakh equity shares of New Light Industries through market purchases from 27 October to 29 October 2026. The letter was dated 30 October 2026, addressed to BSE Limited’s Corporate Relationship Department and copied to New Light Industries.

New Light Industries is identified as listed on BSE Limited, and the disclosure says its percentage calculations use total share capital or voting capital from the company’s latest stock-exchange filing. The note explains that diluted share or voting capital assumes full conversion of outstanding convertible securities or warrants, although the filing records no such instruments for this acquisition.

The document does not disclose the price paid for the 27.52 lakh shares, the total transaction consideration or the sellers. It also does not state an acquisition plan, ownership target, management-change proposal or open-offer proposal after the 5.77% holding was reached.

Conclusion

New Light Industries’ filing records that Amit HUF’s 27.52 lakh-share market purchase lifted the combined holding of Amit HUF, Kanchan Saraogi and Shyam Sunder Saraogi from 23 lakh shares, or 2.63%, to 50.52 lakh shares, or 5.77%. Amit HUF accounted for the full 3.14-percentage-point increase, while the other two holders retained their existing shares.

What to watch next is whether a later disclosure addresses matters unresolved in the 30 October 2026 filing, including any further acquisitions, transaction consideration or ownership objective. The reported document covers purchases only through 29 October 2026 and sets out no future buying plan, target stake or scheduled corporate event.