The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sreeram Reddy Vanga
Awaiting price reaction for this filing.
Promoter Sreeram Reddy Vanga acquired 4,85,000 equity shares (17.83% of diluted capital) on May 5, 2026, through preferential allotment. This increased his total holding from 0% to 31.32% of total voting capital (including 9,90,000 warrants/convertible securities representing 21.02% of diluted capital). The company's equity share capital expanded from Rs. 1.51 crore (15.13 lakh shares) to Rs. 2.72 crore (27.21 lakh shares) following this allotment. Post-acquisition, the acquirer holds 14,75,000 shares carrying 10.30% of voting rights directly, plus potential voting rights from convertible instruments.
This is a significant promoter stake buy, moving from zero to over 31% of potential voting capital. While it falls below the 75% threshold requiring an open offer, it substantially increases promoter control and reduces public float.