The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ponnapula Karthik Sanjay & PACs
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On 12 May 2025, the promoter group led by Ponnapula Karthik Sanjay and Persons Acting in Concert (PACs) received 1,21,25,000 equity shares via preferential allotment, representing 23.20% of the pre-allotment share capital. The allotment was split among Trinity Infraventures Ltd (37,80,337 shares, 7.23%), Mahita Prasad Caddell (72,22,663 shares, 13.82%), and Ponnapula Karthik Sanjay himself (11,22,000 shares, 2.15%). As a result, the combined promoter and PAC holding rose from 53.89% to 58.86% of the company. The total equity share capital also expanded from Rs. 34.58 crore (3.45 crore shares) to Rs. 52.26 crore (5.22 crore shares), meaning non-promoters received the balance of the fresh issue.
Promoter and PAC group has further consolidated its majority control above the 50% threshold to 58.86%, while existing non-promoter shareholders face meaningful equity dilution since the company's share base grew by roughly 51%. The promoter-backed preferential allotment signals continued insider commitment of capital into the business.