Pursuant to Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeover) Regulations, 2011, the Exchange and Company have received the disclosure from "Evolution Capital Advisory ....
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Evolution Capital Advisory Services Private Limited converted 2,50,000 fully convertible warrants into an equal number of equity shares (face value ₹10 each) of Kranti Industries Ltd via preferential allotment. The conversion was intimated on April 29, 2025 and disclosed to the exchange on May 3, 2025. Post-conversion, Evolution Capital holds 13,84,864 equity shares (11.07%) and 2,50,000 warrants (1.998%), with its total holding in the company unchanged at 13.068% of the share capital. The acquirer has confirmed it does not belong to the promoter or promoter group of Kranti Industries.
This is a routine disclosure for a warrant-to-equity conversion by a non-promoter entity, with no change in total economic interest or voting power. Shareholding pattern and control of the company remain unaffected, so no material impact on retail shareholders or the stock price is expected.