The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Venkata Sesha Reddy Mudimela
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Venkata Sesha Reddy Mudimela acquired 25,00,000 equity shares (10.57%) of Supra Trends Ltd on May 27, 2026 through conversion of warrants into equity. Before conversion, he held 25,00,000 warrants representing 10.21% of the company. The acquisition increased his holding from nil shares to 10.57% of total equity capital. The acquirer has confirmed he does NOT belong to the Promoter/Promoter group. The company's equity share capital increased from Rs. 13,53,72,410 (1,35,37,241 shares) to Rs. 23,65,72,410 (2,36,57,241 shares) following this conversion.
This is a warrant holder converting their holdings to equity shares, not a traditional acquisition. Since the acquirer is not a promoter and this appears to be a pre-arranged warrant conversion rather than open market purchase, the market impact may be neutral to slightly positive as it reduces potential dilution.