Selan Exploration Technology Limited has informed the Exchange about General Updates - Disclosure under Regulation 29(1) of SEBI SAST Regulations, 2011
ANTELOPUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Antelopus Selan Energy Limited has informed the exchanges about a share acquisition by the promoter group following a Composite Scheme of Arrangement between Antelopus Energy Private Limited (Transferor) and Selan Exploration Technology Limited (Transferee). The NCLT Chandigarh Bench sanctioned the scheme on June 10, 2025, it became effective on July 5, 2025, and the share allotment took place on August 12, 2025. The promoters — Blackbuck Energy Investments Limited, Mr. Suniti Kumar Bhat, Mr. Siva Kumar Pothepalli, and Ms. Payal Upadhyay — received 1,99,62,358 equity shares (56.77% of total capital) through this allotment. As a result, the promoter group's combined holding rose from 30.46% (46.30 lakh shares) to 69.94% (2.46 crore shares). The company's total equity share capital expanded from ₹15.20 crore to ₹35.16 crore, with total shares now standing at 3,51,62,358.
The promoter group has significantly strengthened its control in the company, now holding nearly 70% post-merger. Existing minority shareholders should note the substantial dilution of their holdings due to the issuance of new shares to promoters. Shareholders may want to watch for any further corporate actions or updates related to the integration of Antelopus Energy's business into Selan.