The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Radhika Shriram
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Radhika Shriram, part of the promoter/promoter group of Relic Technologies, has filed a Regulation 29(2) SAST disclosure regarding the conversion of 300,000 warrants into equity shares. The warrants were originally issued on a preferential basis. As of December 13, 2025, her holding stood at 300,000 shares representing 5.37% of the total share capital and 5.37% on a diluted basis. The company's total share capital expanded from Rs. 5.15 crore (51.5 lakh shares) to Rs. 5.59 crore (55.91 lakh shares) due to the overall preferential allotment, which included shares issued to other promoter group members and public shareholders as well.
The promoter's absolute share count remained unchanged at 3 lakh shares; only the instrument changed from warrants to equity. Her percentage holding slightly diluted from 5.83% to 5.37% because the overall share base expanded. This is a routine regulatory disclosure and is unlikely to have a material impact on the stock price, though it confirms continued promoter participation in the preferential allotment.