The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Devineni Rao
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Telogica Limited's Whole-Time Director & CFO, Devineni Venkateswara Rao (classified as non-promoter), has filed a SAST disclosure regarding conversion of 5,00,000 warrants into equity shares on 1st November 2025 via preferential allotment. Post-conversion, his equity share holding rose to 26,77,345 shares (4.68%) from 21,77,345 shares (4.15%), while his warrant holding dropped to 25,00,000 (3.77%) from 30,00,000 (4.52%). His total combined holding remained unchanged at 51,77,345 units (7.80% of diluted capital) — the percentage is identical because his absolute stake stayed the same and only the composition shifted from warrants to shares. The company's equity share capital increased to 5,71,76,076 shares (from 5,24,76,076) due to allotment on warrant conversion. This filing is triggered because the change in his shareholding exceeded the 2% disclosure threshold prescribed under SEBI Takeover Regulations.
This is a routine insider disclosure triggered by warrant conversion, not a fresh market purchase. For shareholders, there is no change in insider economic interest or dilution risk beyond the already-known warrant terms — the insider's effective stake and voting power remain unchanged at 7.80% of diluted capital.