The promoter of the company has transferred the shares of the company held in his name to settle a loan from M/s Techuni Ventures Private Limited
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Promoter and Managing Director Mr. Ziaulla Sheriff has transferred 10,31,088 equity shares (face value INR 10) of Starcom Information Technology to Techuni Ventures Private Limited at INR 65.45 per share, as full and final settlement of an outstanding loan of about INR 6.75 crore owed by the company to Techuni Ventures. After this transfer, the promoter's holding in the company has come down to 22,56,867 shares, which is 45.13% of the share capital (from roughly 65.76% earlier). Techuni Ventures Private Limited, which was the lender, now holds 10,84,621 shares or 21.69% of the company, making it a major shareholder. The loan was originally taken for the company's working capital needs.
The promoter's stake has dropped sharply from around 66% to 45.13%, meaning promoter control has weakened significantly. A single private lender has become a major shareholder with over 21% stake, which could raise concerns about influence over the company. Retail investors should track how Techuni Ventures treats this stake going forward — whether they hold as a long-term investor or look to exit.