In a filing with the stock exchange, the company said that Time SquareInvestments Private Limited (TSIPL), one of the promoters of the company, had acquired over 20% of the equity shares of DhanashreeInvestments Private Limited (DIPL) and Ultra Investments and Leasing Company Private Limited (UILCPL).
DIPL and UILCPL, as on date, hold 9831 and 1675 fully paid-up equityshares of face value of Rs.10 each, respectively, of Ponni Sugars (Erode) Ltd.
“Since TSIPL has acquired over 20% of the equity shares of both DIPL andUILCPL, DIPL and UILCPL will be included as part of the promoter group in the shareholding pattern to be submitted for the quarter ending September 30, 2026, under relevant SEBI regulations,” said the release.
