The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Shivshankar Lature
SUYOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.0 pts more than Nifty Microcap 250 and 3.3 pts more than its Telecom - Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter and Managing Director Shivshankar Lature acquired 3,29,884 equity shares of Suyog Telematics through conversion of an equal number of warrants at Rs. 570 per share (including Rs. 560 premium). This is a preferential allotment, not an open market purchase, with the date of acquisition being March 30, 2025. As a result, his voting rights holding rose from 42.39% to 44.10% (an increase of ~1.71%), while his total holding (including encumbered shares and remaining warrants) stands at 47.69% of total share capital. The total equity share capital of the company also increased from Rs. 10.80 crore to Rs. 11.13 crore due to this allotment.
This is a positive signal as it shows the promoter's continued confidence and increasing commitment in the company, but it is a non-cash event (warrant conversion) rather than fresh capital infusion. Shareholders should note the promoter's voting rights are now at 44.10%, and encumbered shares remain at 4,00,000 (3.59%). No immediate impact on stock price is expected from this regulatory disclosure alone.