Crescentis Capital promoter transfers 1.76% stake via gift

1 min read     Updated on 26 Jun 2026, 03:45 PM
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Reviewed by
Shriram SScanX News Team
AI Summary

Crescentis Capital Limited disclosed an inter-se transfer of shares within its promoter group. Dr. Bhaskara Rao Bollineni gifted 3,00,000 equity shares, representing 1.76% of the paid-up capital, to Mr. Bhavanam Ruthvik Reddy on June 24, 2026. The transaction adjusts individual holdings but does not change the aggregate shareholding of the promoter group.

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Crescentis Capital Limited disclosed an inter-se transfer of shares within its promoter group, involving a gift of 1.76% of the company's equity share capital. Dr. Bhaskara Rao Bollineni transferred 3,00,000 equity shares to Mr. Bhavanam Ruthvik Reddy on June 24, 2026, via an off-market transaction. The transfer was executed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The transaction represents a redistribution of shareholding within the promoter group and does not alter the aggregate holding of the promoters. Consequently, the total promoter and promoter group shareholding remains unchanged. The disclosures regarding the transfer were submitted to BSE Limited on June 26, 2026.

Shareholding Details

The transfer modified the individual stakes of the two promoters. Dr. Bhaskara Rao Bollineni's holding decreased from 68.80% to 67.04%, while Mr. Bhavanam Ruthvik Reddy's stake increased from 6.17% to 7.94%.

Promoter Holding Before (%) Holding After (%) Change (%)
Dr. Bhaskara Rao Bollineni 68.80% 67.04% - 1.76%
Mr. Bhavanam Ruthvik Reddy 6.17% 7.94% + 1.76%

Transaction Breakdown

The specific details of the inter-se transfer are outlined below:

Transferor (Donor) Transferee (Donee) No. of Shares % of Total Share/ Voting Capital Date of Transfer
Dr. Bhaskara Rao Bollineni Mr. Bhavanam Ruthvik Reddy 3,00,000 1.76% 24th June, 2026

The equity share capital of the company remains at 1,70,13,549 equity shares of ₹10 each before and after the transaction.

Historical Stock Returns for Crescentis Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.17%-7.55%-6.45%-7.74%-5.82%+248.62%

Does this gift signal a planned succession strategy or gradual transfer of control to Mr. Bhavanam Ruthvik Reddy?

Will the increase in Mr. Reddy's stake lead to changes in the company's board composition or executive management?

Could this redistribution of individual holdings trigger any changes in corporate governance policies or voting patterns?

Crescentis Capital FY26 net loss narrows, approves rights issue

2 min read     Updated on 31 May 2026, 01:16 AM
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Reviewed by
Shriram SScanX News Team
AI Summary

Crescentis Capital Limited reported a narrowed net loss of ₹252.63 lakh for FY26, compared to a loss of ₹542.24 lakh in FY25, with total revenue from operations reaching ₹148.38 lakh. The board approved audited financial results and a proposal to raise ₹80 crore via a rights issue of equity shares. Statutory auditors M/s. D.S. Talwar & Co. issued an audit report with an unmodified opinion for the financial year.

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Crescentis Capital Limited reported a net loss of ₹252.63 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹542.24 lakh in the previous year. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 29, 2026. Additionally, the board approved a proposal to raise funds up to ₹80 crore through a rights issue of fully paid-up equity shares. The company confirmed that its statutory auditors, M/s. D.S. Talwar & Co., Chartered Accountants, have issued an audit report with an unmodified opinion for the financial year ended March 31, 2026.

Financial Performance

The company reported total revenue from operations of ₹148.38 lakh for FY26, compared to negative revenue of ₹302.48 lakh in FY25. Total income for the year stood at ₹154.60 lakh. Total expenses increased to ₹474.97 lakh from ₹279.68 lakh in the previous year. The basic and diluted earnings per share (EPS) for FY26 was a loss of ₹1.57, improving from a loss of ₹4.48 in FY25.

Metric FY26 (₹ lakh) FY25 (₹ lakh)
Net Profit/Loss (252.63) (542.24)
Total Revenue from Operations 148.38 (302.48)
Total Income 154.60 (302.21)
Total Expenses 474.97 279.68
Basic EPS (1.57) (4.48)

Rights Issue Proposal

Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations and Chapter III of the SEBI ICDR Regulations, the board considered a proposal for raising funds up to an aggregate amount of ₹80 crore. The funds will be raised by way of issue of fully paid-up equity shares of ₹10 each to eligible equity shareholders on a rights basis. The record date for the rights issue will be announced later. The board constituted a Fund Raising Committee to finalize the terms, including the rights entitlement ratio and issue price.

Operational Highlights

For the year ended March 31, 2026, the company recognized an unrealized loss of ₹485.47 lakh due to adverse movements in market prices of its equity investments. The company successfully concluded a previous rights issue in July 2025, raising ₹4,903.91 lakh through the issuance of 70,05,579 equity shares at ₹70 per share. The proceeds were fully utilized during the year for the stated objects. The company also introduced the Crescentis Capital Limited Employees Stock Option Scheme, 2025, approved by shareholders in December 2025.

Historical Stock Returns for Crescentis Capital

1 Day5 Days1 Month6 Months1 Year5 Years
-1.17%-7.55%-6.45%-7.74%-5.82%+248.62%

How does the company plan to utilize the ₹80 crore raised via the new rights issue to ensure a turnaround to profitability?

What specific strategies will management implement to mitigate the risks associated with equity investments that caused significant unrealized losses?

What is the expected timeline and pricing strategy for the upcoming rights issue given the current share price performance?

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