The Exchange has received the disclosure under Regulation 29(1) & 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hemanth Reddy Dandem, Bhanu Prakash ....
Awaiting price reaction for this filing.
Capricorn Systems Global Solutions Ltd's paid-up share capital expanded 7x from 39.96 lakh shares (Rs 3.99 crore) to 2.797 crore shares (Rs 27.97 crore) through a rights issue allotted on February 26, 2026. Promoters Manmohan Rao Suddhala and PAC Surender Reddy Garlapati subscribed to 11 lakh shares, but their holding got diluted from 24.91% to just 7.49% due to the overall capital expansion. Three non-promoter acquirers made large subscriptions: Hemanth Reddy Dandem acquired 58.39 lakh shares (20.88%), taking his holding from 13.06% to 22.74%; Bhanu Prakash Vemeshetty acquired 49.51 lakh shares (17.70%); and Rendla Mahesh acquired 20.95 lakh shares (7.49%). Hemanth Reddy Dandem is now the single largest shareholder in the company.
Promoter holding has collapsed to 7.49%, well below the 50% mark, signalling a major shift in control. New shareholders led by Hemanth Reddy Dandem (22.74%) now collectively hold more than the promoters, which could significantly influence the company's future strategic direction and corporate governance.