On December 19, 2023, the company has submitted an application to the exchange, seeking Re-classification of Promoters from ''Promoter category'' to ''Public category''.
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Awaiting price reaction for this filing.
Telogica Ltd has submitted an application to BSE seeking reclassification of 14 individuals from 'Promoter category' to 'Public category' under SEBI Regulation 31A. Together, these promoters hold 10,99,281 equity shares, representing about 4.60% of the company. The application was filed on December 19, 2023, following board approval in February 2023, but the formal disclosure to the exchange is being made only in October 2025, with the company admitting the delay was inadvertent. A note mentions that one of the listed promoters (Chilakapati Peda Bapulu, 0.94% holder) sold all his shares in September 2024, while shares of two others were acquired by an acquirer through a share purchase agreement in August 2022.
This reclassification shifts 4.60% of shareholding from promoter to public category, slightly reducing the promoter group and marginally increasing public float. The total stake involved is small and the disclosure is delayed, so the material impact on stock price or shareholder value is likely limited.