The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Suchitra Lature & PACs
SUYOG · price
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Mrs. Suchitra Shivshankar Lature, part of the promoter group of Suyog Telematics Ltd, has acquired 5,27,500 equity shares (4.55% of fully diluted share capital) through a preferential allotment dated October 10, 2025. The company's equity share capital expanded from ₹11.19 crore (1,11,89,620 shares) to ₹11.72 crore (1,17,17,120 shares) as a result. After the acquisition, the promoter group's total holding stands at 48.62% on equity basis and 52.03% on diluted basis, crossing the 50% mark on a fully diluted basis for the first time. Before this acquisition, the promoter group held 44.12% on a diluted basis (below 50%). The acquisition was made by a single acquirer (Suchitra Lature) along with her Persons Acting in Concert (PACs).
This is a positive signal for shareholders as the promoter group has shown confidence in the company by increasing its stake through a preferential allotment, taking their diluted holding above 50%. The expanded promoter holding strengthens controlling interest and may reduce the float available in the market.