The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shankar Varadharajan & Others
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.