The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Nehal Narendra Gandhi
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Nehal Narendra Gandhi, a promoter of Relic Technologies, has disclosed the acquisition of 30,500 share warrants through a preferential allotment dated April 5, 2025. Before this transaction, he held 6,09,500 equity shares (16.93%) of the company. After the allotment, his total holding (shares + warrants) stands at 6,40,000 securities, representing 12.43% of the expanded share capital (11.45% on a fully diluted basis). The company's equity capital increased from Rs. 3.60 crore (36 lakh shares) to Rs. 5.15 crore (51.5 lakh shares), with the total diluted capital reaching Rs. 5.59 crore (55.91 lakh shares) assuming full conversion of all warrants.
Although the promoter acquired additional warrants, his percentage stake has actually fallen from 16.93% to 12.43% due to the company issuing new shares to other allottees, which diluted his holding. This is a routine SAST disclosure tied to a capital-raising event and is not indicative of any buying or selling pressure in the open market.