The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Dalal & Broacha Stock Broking Pvt Ltd
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Dalal & Broacha Stock Broking Pvt Ltd (a non-promoter entity) acquired 3,00,000 equity shares (5.83% of total share capital and 5.37% of diluted capital) of Relic Technologies Ltd through a Preferential Allotment on April 5, 2025. This was a fresh acquisition — the acquirer held no shares prior to this allotment. The company's equity share capital expanded from Rs. 3.60 crore (36 lakh shares) to Rs. 5.15 crore (51.5 lakh shares), indicating that other allotments also happened alongside this one. The disclosure was filed under SEBI SAST Regulation 29(1) on April 7, 2025.
This is a non-promoter, above 5% stake build-up via preferential route (not open market), which means the acquirer may be classified as a 'public shareholder' holding over 5%. For retail investors, this signals fresh institutional/broker interest in the company but also indicates equity dilution. Watch for further disclosures if the holding creeps toward regulatory thresholds.