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.
Awaiting price reaction for this filing.
Shivshankar Gurushantappa Lature, Promoter and Managing Director of Suyog Telematics, has acquired 35,088 equity shares by converting an equal number of warrants on a preferential basis at ₹570 per share (including ₹560 premium). Before this acquisition, the promoter held 49,09,286 shares representing 44.10% of voting capital; after the conversion, his holding has risen to 49,44,374 shares (44.27% of voting capital, 42.20% on a diluted basis). The date of acquisition was April 15, 2025, and the company's total equity share capital increased from ₹11.13 crore (1.11 crore shares) to ₹11.17 crore (1.12 crore shares). The acquisition was carried out through preferential allotment, not an open-market purchase.
This is a small promoter-led increase in stake (about 0.31%) via warrant conversion, which signals continued promoter confidence in the company. The promoter remains below the 50% mark, so there is no change in control, and the move is unlikely to materially move the stock price.