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

Promoter bought stakeOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-2.6%Reaction day

₹246.50

prior close

₹245.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-3.3% vs market

IT Enabled Services peers, median of 73sector+1.0%-3.6% vs sector

On the reaction day the stock moved 3.3 pts less than Nifty Microcap 250 and 3.6 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-2.6+0.7-3.3+1.0-3.6

Next day

-11.1+1.7-12.9+2.6-13.7

-9.3+2.1-11.4+4.3-13.7

-6.7+6.4-13.0+8.2-14.9

-8.3+6.3-14.6+8.5-16.9

-6.8+8.5-15.3+10.7-17.5

-1.8+11.2-13.1+14.3-16.1

15d

+1.3+16.8-15.5+14.5-13.2

-4.3+17.9-22.1+13.1-17.4

-15.6+19.6-35.2+15.1-30.7

-48.2+28.5-76.7+14.2-62.4

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 73Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Five promoter group members converted warrants allotted under preferential allotment, acquiring approximately 3.27 crore equity shares on March 31, 2026. Shankar Varadharajan and Anancha Perumal Selvi Keshav each acquired 89.09 lakh shares (5.43% each) through conversion, while Subramanyam Venkatesh, Rohan Ramaswamy, and Seethapathi Vignesh converted 74 lakh, 74 lakh, and 19.75 lakh shares respectively. The company's total share capital increased from Rs. 115.48 crore to Rs. 150.07 crore, with the promoter group's combined holding remaining at 60.95% post-conversion. The two main acquirers now each hold 25.36% of the company.

Likely market impact

Promoter holding remains above the 50% threshold at 60.95%, indicating continued strong promoter control. The large warrant conversion significantly increased outstanding shares, which may dilute per-share value unless accompanied by proportional business growth.