The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Venkata Nutalapati
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Venkata Subbarao Nutalapati acquired 17,50,000 equity shares (7.40%) of Supra Trends Ltd on May 26, 2026, through conversion of warrants into equity. The acquirer is NOT part of the Promoter/Promoter group. Prior to this, the acquirer held warrants representing 7.15% of the capital. After conversion, the total equity share capital increased from Rs. 13.53 crore to Rs. 23.66 crore due to this warrant conversion, diluting the acquirer's stake to 7.40%.
This is a passive conversion of pre-held warrants by a non-promoter investor. Since the acquirer is not a promoter, this does not indicate promoter-level confidence or concern. The stake of 7.40% remains below the 10% threshold that would trigger open offer obligations under SAST regulations.