The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dr Bhaskara Rao Bollineni, Bhavanam Reddy, ....
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On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 3.9 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dr. Bhaskara Rao Bollineni (Promoter) increased his holding from 64.36% to 68.80% by acquiring 52,64,769 shares (4.44%) through a Rights Issue allotted on July 15, 2025. Bhavanam Ruthvik Reddy, part of the promoter group, saw his stake rise from 5% to 6.17% with an additional 5,50,217 shares from the same issue. A non-promoter, Subba Rao Veera Venkata Meka, also received 1,130 shares under the issue, taking his holding to 0.01%. The company's total share capital expanded from ₹10.01 crore (1,00,07,970 shares) to ₹17.01 crore (1,70,13,549 shares), confirming the Rights Issue of roughly 70 lakh shares. No encumbrance or pledge activity is involved in these transactions.
Promoters have reinforced their controlling position by subscribing to the Rights Issue, which is generally seen as a positive signal of confidence in the company's prospects. For retail shareholders, this consolidates promoter control while indicating the promoters are willing to put more capital into the business.