The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Jeevan Krishna Kuchipudi
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Jeevan Krishna Kuchipudi, Promoter and Non-Executive Director of Jeevan Scientific Technology Ltd, has disclosed the acquisition of 6,00,000 (Six Lakh) convertible warrants through a preferential issue on January 02, 2026. Prior to the acquisition, the promoter held 9,17,772 equity shares representing 5.79% of the company's total share and voting capital. After the acquisition, the aggregate holding rises to 15,17,772 securities, representing 4.61% of the expanded share capital (due to dilution) or 6.48% on a fully diluted basis. The company's total equity share capital increases from Rs. 15.83 crore (1,58,33,965 shares) to Rs. 19.92 crore (1,99,18,965 shares), with diluted voting capital at Rs. 23.42 crore (2,34,18,965 shares) after accounting for the warrants.
This signals continued promoter commitment and confidence in the company, as the promoter is increasing their stake through fresh capital infusion. The use of convertible warrants means the promoter's economic interest will rise further if the warrants are exercised, though existing shareholders face dilution from both the preferential allotment and potential warrant conversion.