The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for P Sridhar Reddy

P Sridhar Reddy, a non-promoter acquirer, purchased 2,10,000 equity shares (7.72% basic, 4.46% diluted) of Photon Capital Advisors Ltd on May 6, 2026. Additionally, warrants/convertible securities entitling the acquirer to receive 2,25,000 shares (4.78% diluted) were also acquired. After the transaction, the acquirer's total holding stands at 4,35,000 shares representing 7.72% on a basic basis and 9.24% on a diluted capital basis. The company's share capital nearly doubled from 15,13,694 to 27,20,694 equity shares, indicating the acquisition was likely part of a preferential allotment rather than open market purchase. The acquirer stated he does not belong to the promoter/promoter group.