The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rendla Mahesh
Awaiting price reaction for this filing.
Rendla Mahesh, a non-promoter individual, has disclosed acquisition of 20,95,095 equity shares of Capricorn Systems Global Solutions Ltd, representing 7.49% of the company's total share and voting capital (both basic and diluted). The shares were acquired through subscription to the company's Rights Issue, with date of intimation of allotment being 26th February 2026. Before the acquisition, the acquirer held 0% stake, and post-acquisition, the holding stands at 7.49%, thereby crossing the 5% disclosure threshold under Regulation 29(1). The company's total equity share capital expanded from 39,96,000 shares (Rs 3.99 crore) to 2,79,72,000 shares (Rs 27.97 crore) as a result of the rights issue.
This is a non-promoter acquisition via rights issue subscription, showing participation by an existing investor in the company's fundraising. Since the acquirer is not part of the promoter group, promoter holding structure remains unaffected, but it does reflect non-promoter confidence in the company at the rights issue price.