The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Manmohan Rao Suddhala & Surendar Reddy Garlapati
Awaiting price reaction for this filing.
Promoters Manmohan Rao Suddhala (acquirer) and Surendar Reddy Garlapati (PAC) of Capricorn Systems Global Solutions Ltd disclosed a change in shareholding under SEBI SAST Regulation 29(2). They subscribed to part of the company's Rights Issue, with Suddhala acquiring 11,00,000 equity shares. Before the issue, their combined holding stood at 9,95,223 shares (24.91%); after allotment on February 26, 2026, it rose to 20,95,223 shares but their percentage holding fell to 7.49% of the expanded share capital. The company's total equity share capital expanded sharply from 39,96,000 shares (₹3.99 crore) to 2,79,72,000 shares (₹27.97 crore) due to the Rights Issue, which is why the promoters' proportional stake reduced despite buying more shares in absolute terms.
This is a routine disclosure triggered by a significant Rights Issue that diluted promoter holdings from about 25% to under 8%. No shares were sold in the open market — promoters actually added to their absolute share count. Shareholders should note the heavy equity dilution but can take comfort that promoters participated in the rights issue, showing continued commitment.