The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Srinivasa Rao Mandava
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Srinivasa Rao Mandava has acquired 9,00,000 equity shares of Telogica Ltd through the conversion of warrants into equity shares on October 29, 2025 (preferential allotment mode). His voting rights shares rose from 81,90,688 to 90,90,688, but his percentage stake in the total share capital actually fell from 24.25% to 19.00%. This drop in percentage is purely due to capital dilution — the company's total equity share capital expanded from 3.38 crore shares to 4.78 crore shares, as shares were also allotted to public shareholders. On a fully diluted basis, his economic interest remained unchanged at 18.85%, as the 9 lakh new equity shares simply replaced the equivalent number of warrants he previously held. The disclosure was triggered because the acquisition crossed the 2% reporting threshold under SEBI's Takeover Regulations.
This is a neutral-to-mildly positive signal — the promoter is following through on his commitment by converting warrants into actual equity, showing continued skin in the game. However, his proportional ownership has shrunk because the company raised additional capital from other shareholders, diluting everyone equally.