The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Walking Tree Technologies Pvt Ltd
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Walking Tree Technologies Pvt Ltd, part of the promoter group, acquired 1,76,000 equity shares (4.90%) of Octaware Technologies on January 12, 2026 through an off-market transfer from Mr. Shahnawaz Aijazuddin Shaikh. Before the deal, Walking Tree held 16,60,700 shares (46.25%); after the acquisition, its individual holding rose to 18,36,700 shares (51.15%), pushing it past the 50% mark. Combined promoter group holding (including Mohammed Aslam Qudratullah Khan's 19.98%) increased from 66.23% to 71.13% of the company. No encumbrances or pledges are involved. The acquisition is within the 5% creeping limit allowed under SEBI takeover rules.
Promoter group has consolidated and strengthened its control of Octaware, with Walking Tree crossing the 50% individual shareholding threshold. This signals stronger promoter commitment but also further reduces free-float, which may limit liquidity for retail investors.