The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sudha Bandlamudi & PACs
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Sudha Bandlamudi, immediate relative of Director Mr. Rama Mohana Rao Bandlamudi and belonging to the non-promoter group, converted 1,55,000 convertible warrants into equity shares through preferential allotment on 26.04.2025. Her total holding remains at 1,65,000 shares, but as a percentage it dropped from 3.45% to 1.74% of voting capital because the company's total share capital nearly doubled (from 47.7 lakh to 94.77 lakh shares), indicating many other warrant holders also converted simultaneously. This is a pre-committed conversion of warrants already held, not a fresh market purchase. Post-conversion, her holding stands at 1.74% of share capital and 1.70% on a fully diluted basis.
This is a technical disclosure from a director's family member converting pre-existing warrants into equity, not new buying. Shareholders should note the company's share capital has nearly doubled through this warrant conversion, which will dilute existing shareholders' percentage holdings. No material impact on stock price expected from this specific disclosure.