The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Chandan Garg & PACs
INNOVANA · price
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Innovana Thinklabs' promoter Chandan Garg, along with persons acting in concert (Kapil Garg, Priyanka Garg, Swaran Kanta, Nancy, Akash Bansal, Narendra Kumar Garg), has disclosed the acquisition of 1,20,000 convertible warrants allotted on a preferential basis. This is part of a larger allotment of 8,60,000 warrants approved by the Board on September 5, 2025. Before this, the promoter group held 1,50,12,400 equity shares representing 73.23% of the existing share capital and 70.84% of the diluted share capital. After the warrant allotment, their effective potential holding on a fully diluted basis moves to 70.84% equity plus an additional 0.56% via warrants. No equity shares were bought or sold; only warrants were issued on a preferential basis.
Promoters are increasing their potential control in the company, which signals confidence but also means more dilution for non-promoter shareholders if the warrants are later converted into shares. The market may view this positively as it shows promoter commitment, though the preferential route means existing public shareholders did not get a chance to participate.