The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devansh Kamleshkumar Sayani & Others
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Awaiting price reaction for this filing.
The promoter group of DC Infotech, led by members of the Sayani and Timbadia families, converted 6,80,000 warrants into equity shares on March 28, 2025, through a preferential allotment. As a result, their direct equity voting stake rose from 54.30% to 59.10%, while the warrant holding dropped from 17.63% to 12.83%. However, their total economic interest (shares + remaining warrants) stayed unchanged at 71.93% of voting capital and 62.20% on a diluted basis. The company's total share count remains 1,41,80,000 shares, with diluted share capital at 1,64,00,000 shares after the conversion.
This is a technical conversion of warrants into shares — the promoter group's overall control over the company does not change. No new money is being deployed, and minority shareholders face no dilution of promoter influence. Neutral event for the stock price.