The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mullapudi Srikrishna
LOKESHMACH · price
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Promoter Mullapudi Srikrishna of Lokesh Machines Ltd disclosed acquisition of 1,56,562 equity shares (0.82% of voting capital) under SEBI SAST Regulation 29(2). The shares were acquired on March 28, 2025, through conversion of warrants into equity shares issued under a preferential allotment. Post-acquisition, the promoter's holding increased from 11.67% (22,38,180 shares) to 12.49% (23,94,742 shares) of voting capital. On a fully diluted basis, his stake moved from 11.98% to 11.98% (since the converted warrants are replaced by equivalent shares). No encumbrance, pledge, or open-market purchase was involved in this transaction.
This is a routine disclosure for an increase in promoter holding through a previously committed preferential allotment, not fresh market buying. It signals continued promoter confidence but is unlikely to cause any meaningful stock price movement since it involves no new capital deployment by the promoter.