The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Samagra Wealthmax Pvt Ltd, Glint Infraprojects ....
SUNTECK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The promoter group of Sunteck Realty, comprising Samagra Wealthmax Pvt Ltd, Glint Infraprojects Pvt Ltd and Bhuwalka Steel Industries Ltd, has been allotted 78,23,528 convertible warrants via preferential basis on 5 December 2025. Each warrant is convertible into one equity share of Re. 1 at a later date. The company also issued 39,41,177 similar warrants to non-promoters, taking the total warrant issuance to 1,17,64,705. Before this, promoter group held 9,27,28,679 shares (63.30% of equity, 58.48% on diluted basis). On a fully diluted basis, the promoter group's holding rises from 58.48% to 63.41% assuming warrant conversion. Existing equity share count remains unchanged at 14,64,89,084 shares since warrants are yet to be converted.
This indicates promoter confidence and willingness to invest further capital into the company. Minor dilution for non-promoter shareholders is offset by the larger share of warrants going to the promoter group, slightly increasing promoter control on a diluted basis.