The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alphalogic Techsys Ltd & PACs
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Alphalogic Industries Ltd has allotted 14,70,000 convertible warrants to its promoter group at Rs. 28 per warrant via preferential issue on 1 January 2026. Of these, 11,70,000 warrants went to Alphalogic Techsys Ltd (the promoter entity) and 3,00,000 to Mrs. Neha Anshu Goel (promoter group / person acting in concert). Only 25% (Rs. 7 per warrant) has been paid upfront, with the balance 75% due within 18 months when each warrant converts into one equity share of Rs. 10 face value. The promoter and PAC group already held 73.81% of voting capital before this allotment; on a fully diluted basis after warrant conversion, their combined holding rises to 74.99%. The company's total equity share capital will expand from Rs. 10.19 crore (1.02 crore shares) to Rs. 11.99 crore (1.20 crore shares) once the warrants are converted.
Shows promoter conviction and continued consolidation of control, but is mildly dilutive for existing public shareholders since equity expands by roughly 18% on conversion. Promoter holding is now sitting right at the 74.99% level on a fully diluted basis, very close to the 75% mark, which limits room for further preferential issues to the promoter group.