Containe Technologies: Pushpa Bhaju Acquires 10.72% Stake Through Warrant Conversion
Containe Technologies Limited completed conversion of 7,50,000 warrants into equity shares, with Pushpa Bhaju acquiring 10.72% stake and filing mandatory SEBI substantial acquisition disclosure. The transaction increased company's paid-up capital to Rs. 6,99,40,000 with 69,94,000 shares, while 17,00,000 warrants remain outstanding for future conversion.

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Containe Technologies Limited has completed the conversion of 7,50,000 warrants into equity shares, with the transaction triggering substantial acquisition disclosure requirements under SEBI regulations. The Board of Directors approved this conversion on 9th April, 2026, following the exercise of conversion rights by warrant holder Pushpa Bhaju.
Official SEBI Disclosure Filing
Pushpa Bhaju has formally submitted the substantial acquisition disclosure to BSE Limited on 13th April, 2026, in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms the acquisition of 7,50,000 shares representing 10.72% of the total paid-up equity share capital through warrant conversion.
| Filing Details: | Information |
|---|---|
| Filing Date: | 13th April, 2026 |
| Exchange: | BSE Limited |
| Regulation: | SEBI Takeover Regulations 29(1) |
| Acquirer Status: | Non-promoter |
| Mode of Acquisition: | Warrant Conversion |
Warrant Conversion and Substantial Acquisition
The conversion involved 7,50,000 warrants being transformed into an equal number of equity shares upon receipt of Rs. 4,83,75,000, representing 75% of the issue price per warrant. This transaction resulted in Pushpa Bhaju acquiring a 10.72% stake in the company, with the newly allotted equity shares ranking pari-passu with existing equity shares.
| Parameter: | Details |
|---|---|
| Warrant Holder: | Pushpa Bhaju (Non-promoter) |
| Warrants Converted: | 7,50,000 |
| Equity Shares Allotted: | 7,50,000 |
| Amount Received: | Rs. 4,83,75,000 |
| Issue Price per Share: | Rs. 86 (Face value Rs. 10 + Premium Rs. 76) |
| Stake Acquired: | 10.72% |
Shareholding Pattern Analysis
Prior to this acquisition, Pushpa Bhaju held 83,000 shares representing 1.33% of the total share capital. Following the warrant conversion, her total holding increased to 8,33,000 shares, representing 11.91% of the expanded share capital. The disclosure also identifies Hema Lakshman as a Person Acting in Concert (PAC), being the immediate relative (sister) of Pushpa Bhaju, who holds 83,000 shares.
| Shareholding Details: | Before Acquisition | After Acquisition |
|---|---|---|
| Pushpa Bhaju's Direct Holding: | 83,000 (1.33%) | 8,33,000 (11.91%) |
| Shares Acquired: | - | 7,50,000 (10.72%) |
| Total with PAC: | 1.66,000 (2.66%) | 9,16,000 (13.10%) |
| Acquisition Date: | - | 9th April, 2026 |
Capital Structure Impact
Following this conversion, Containe Technologies Limited's issued, subscribed and paid-up equity share capital has increased to Rs. 6,99,40,000, consisting of 69,94,000 fully paid-up equity shares of Rs. 10 each. The company's total diluted share capital remains the same as the paid-up capital after this conversion.
| Capital Component: | Before Conversion | After Conversion |
|---|---|---|
| Share Capital: | Rs. 6,24,40,000 | Rs. 6,99,40,000 |
| Number of Shares: | 62,44,000 shares | 69,94,000 shares |
| Face Value: | Rs. 10 per share | Rs. 10 per share |
| Status: | Fully paid-up | Fully paid-up |
Outstanding Warrants and Regulatory Compliance
The company originally allotted 24,50,000 warrants on preferential basis following shareholder approval in an Extraordinary General Meeting held on 30th September, 2024. With the current conversion of 7,50,000 warrants, 17,00,000 warrants remain outstanding for conversion within 18 months from the original allotment date of 10th October, 2024. The conversion process was conducted pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Containe Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -14.23% | +63.27% | +6.56% | -43.21% | +41.99% |
Will the remaining 17,00,000 outstanding warrants be converted before the April 2026 deadline, and how might this affect the company's shareholding structure?
Could Pushpa Bhaju's increased stake to 11.91% signal a potential takeover attempt or strategic partnership with Containe Technologies?
How will the Rs. 4.84 crore capital infusion be utilized by Containe Technologies for business expansion or debt reduction?






























