New promoter Vanga Sreeram Reddy takes over at Photon Capital Advisors

Promoter bought stakeOwnership Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+5.0%Reaction day

₹161.10

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+5.3% vs market

On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+5.0-0.3+5.3

Next day

+10.2+0.8+9.5

+15.7+0.9+14.8

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+27.6+1.5+26.1

+33.9+1.7+32.3

+47.6-1.1+48.7

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+103.6+1.0+102.6

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+116.0+6.4+109.7

+131.5+5.5+126.1

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Photon Capital Advisors reclassified existing promoters to public category after acquirer Sreeram Reddy Vanga completed an open offer. Under a Share Purchase Agreement dated Jan 20, 2026, old promoters including Sobha Rani Nanduri (4.35%) and Vennela Nandury (0.67%) exited. Vanga now holds 14,82,000 equity shares (54.47%) plus 9,90,000 warrants, totaling 52.48% on diluted capital. Board and management changed on June 25, 2026. This is a complete change of control.

Likely market impact

Complete change of control. New promoter holds 54.47% equity stake. Stock may see volatility as old promoter group moves to public category.