Selan Exploration Technology Limited has informed the Exchange about General Updates - Disclosure under Regulation 29(2) of SEBI SAST Regulations, 2011
ANTELOPUS · price
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Antelopus Selan Energy Limited (formerly Selan Exploration Technology Limited) has completed the merger of Antelopus Energy Private Limited into itself, pursuant to a Composite Scheme of Arrangement approved by NCLT Chandigarh Bench on June 10, 2025 (rectified July 1, 2025), which became effective on July 5, 2025. Under this scheme, promoter group entities — Blackbuck Energy Investments Limited, Mr. Suniti Kumar Bhat, Mr. Siva Kumar Pothepalli, and Ms. Payal Upadhyay — were allotted 1,99,62,358 equity shares on August 12, 2025. This acquisition of 56.77% additional stake has raised their combined promoter holding from 30.46% (46,30,570 shares) to 69.94% (2,45,92,928 shares). The company's total share capital has expanded from INR 15.2 crore to INR 35.16 crore as a result of this issuance.
Promoter control has significantly strengthened with their stake jumping from about 30% to nearly 70%, while non-promoter/public shareholders face dilution of their proportional ownership. This consolidation reflects greater promoter commitment to the listed entity, though reduced free float may impact stock liquidity and trading volumes going forward.