Announced Fri, 14 Aug, 2026 · 17:10 IST
Promoter Shaik Mahammad Amaan and PACs acquire shares via preferential allotment
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Promoter Shaik Mahammad Amaan and PACs (Boreddy Gayathri, Radha Krishna Avudari) acquired 1,04,51,868 equity shares (65.24% of expanded capital) and 77,00,000 warrants via preferential allotment on 29 July 2026. Total promoter holding including warrants is 72.25% on fully diluted basis. Share capital expanded from 6,68,760 to 1,60,20,628 shares of Rs.10 each.
Likely market impact
Promoter group stake jumps to 65.24% via preferential allotment, strengthening control and indicating major capital infusion into the company.