The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Techmagix India Pvt Ltd
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Techmagix India Pvt Ltd, classified as a non-promoter entity, has acquired 32,00,000 equity shares of Telogica Limited through the conversion of warrants into equity shares via preferential allotment on 1st November 2025. After this acquisition, Techmagix's voting shareholding in Telogica rose to 50,00,000 shares, representing 8.74% of total share capital and 7.53% on a diluted basis, up from 3.43% earlier. The company's total equity share capital increased to 5,71,76,076 shares (from 5,24,76,076 shares) due to the warrant conversion, with total diluted voting capital standing at 6,63,93,942 shares. The newly allotted shares rank pari passu with existing equity shares of Telogica Limited.
This is a non-promoter creeping acquisition that pushes Techmagix closer to the 10% substantial acquisition disclosure threshold, which could increase scrutiny from regulators and other shareholders. The dilution from this preferential warrant conversion slightly reduces the proportional holding of existing public shareholders.