The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hari Krishna Reddy Kallam
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Hari Krishna Reddy Kallam, Whole Time Director of Telogica Limited (not part of promoter group), has filed a disclosure under SEBI SAST Regulation 29(1) following conversion of warrants into equity shares. He acquired 50,00,000 equity shares through preferential allotment on 29th October 2025. As a result, his voting rights holding in the company increased from 3.91% (13,20,045 shares) to 13.21% (63,20,045 shares). His total diluted holding stands at 9.52%. The company's equity share capital expanded from Rs.16.88 crore to Rs.23.91 crore as part of this conversion.
The warrant conversion increases the director's stake significantly, crossing the 10% disclosure threshold, which may raise governance and concentration concerns among retail investors. Shareholders should note that the company's share capital has also expanded by around 41%, leading to dilution of existing shareholders' proportional ownership.