Announced Fri, 14 Aug · 17:16 IST
Promoter and PACs acquire 65.24% via preferential allotment
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Promoter Boreddy Gayathri and two PACs (Radha Krishna Avudari and Shaik Mahammad Amaan) acquired 1,04,51,868 equity shares (65.24% of total capital) plus 77 lakh warrants via preferential allotment on 29.07.2026. Combined post-allotment holding crosses 72.25% on diluted basis. Share capital expanded sharply from 6.69 lakh to 1.60 crore shares. This is a revised disclosure under Reg 29(1) of SAST Regulations.
Likely market impact
Major promoter stake increase via preferential allotment; significant dilution for existing public shareholders.