Synopsis: V R Woodart promoters buy 9 lakh shares off-market via SPA, boosting stake from 55.44% to 58.55%. Minal Patil, Maddukuri Mounica tighten control in wood products firm.
BSE filing reveals a significant stake increase as promoters acquire shares through a private deal. V R Woodart Limited’s promoters made a bold move on March 30, 2026. They quietly bought 9,00,000 shares off the open market. The purchase raised their total stake in the BSE-listed wood products company to 58.55%.
V R Woodart Limited’s stock, with a market capitalisation of Rs. 174.6 crores, rose Rs. 117.25, up 5 percent from its previous closing price of Rs. 111.71. Furthermore, the stock over the past year has given a return of 284.8 percent..
Who Bought and How Much
The buyers are promoter-linked individuals Minal Gaurav Patil and Maddukuri Mounica. They acquired 9,00,000 shares in one transaction. Before this deal, the promoter group held 2,00,91,146 shares, equal to a 55.44% stake. After the purchase, their holding rose to 2,09,91,146 shares, or 58.55% of total voting capital.
This was not a regular stock market trade. The shares changed hands off-market, under a Share Purchase Agreement (SPA) signed on March 7, 2025. The company disclosed this transaction to BSE under Regulation 29(2) of SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011. The total equity share capital of V R Woodart remains unchanged at 2,88,81,806 shares of Rs 10 each face value.
What the Numbers Say
The 9 lakh shares bought represent a 3.12% addition to the promoter’s stake. Moreover, the total diluted share and voting capital of the company stands at 3,33,61,806 shares. Additionally, promoters hold 40,80,000 pledged shares, which account for 12.23% of total capital. As a result, their fully diluted holding now stands at 62.92%. In short, V R Woodart’s promoters are clearly doubling down on their own company a move that the market will watch closely in the sessions ahead.
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