The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Saurabh Gangal

Saurabh Gangal, a non-promoter shareholder of ITCONS E-Solutions Ltd, has acquired 1,94,000 equity shares by converting an equivalent number of convertible warrants into equity on April 30, 2025. This acquisition has increased his total shareholding from 3,80,928 shares (6.80% of paid-up capital) to 5,74,928 shares (9.92% of paid-up capital). On a fully diluted basis, his holding stands at 3.82%. The warrants were originally issued on July 29, 2024, at Rs. 71 per share, with each warrant convertible into one equity share. The company still has 92,76,000 outstanding convertible warrants as of date. This is a creeping acquisition disclosure, as Mr. Gangal is not part of the promoter or promoter group.