Datakosa Limited (formerly Bodhtree Consulting Limited) has received in-principle approval from BSE Limited for a preferential issue of equity shares. The company plans to raise ₹3,99,99,980 by issuing up to 23,52,940 shares to non-promoters.

The proposed allotment involves fully paid-up equity shares with a face value of ₹10 each. These will be issued at a price of ₹17 per share, which includes a premium of ₹7 per share. The transaction is structured as a cash subscription under the preferential allotment route.

Approval Timeline and Compliance

The Board of Directors approved the preferential issue on August 11, 2026, followed by shareholder approval at the General Meeting held on September 09, 2026. The exchange granted its in-principle approval via letter LOD/PREF/MV/FIP/900/2026-27 dated October 07, 2026.

This approval is subject to strict compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The exchange explicitly noted that this in-principle approval does not constitute final listing approval for the securities.

Regulatory Conditions and Internal Controls

BSE advised the company to strengthen internal controls to monitor trades executed by proposed allottees before the allotment date. This measure aims to prevent non-compliance with trading restrictions during the pre-allotment period.

Key regulatory directives include:

• Allottees must provide an undertaking confirming they will not engage in intra-day trading or sell shares until the allotment date.
• The issuer bears sole responsibility for verifying these undertakings and ensuring compliance with Regulation 167(6) of SEBI ICDR Regulations, 2018.
• Any observed non-compliance post-verification may impact the listing of such shares.

The company is required to make a listing application within twenty days from the date of allotment, as per Schedule XIX of ICDR Regulations and SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. Failure to comply will attract fines as specified in the circular.

What the Numbers Show

The issue price of ₹17 represents a 70% premium over the face value of ₹10. This pricing structure indicates that the capital raise is driven entirely by the premium component, with the total amount raised of ₹3,99,99,980 being exactly divisible by the number of shares issued (23,52,940 × 17). The specific rounding of the total amount to just below ₹4 crore suggests a precise calculation based on the fixed number of shares rather than a target fundraising amount.

Bodhtree Consulting Limited shareholders overwhelmingly approved a change in the company’s name and a preferential share issue at its 44th Annual General Meeting (AGM) held on September 9, 2026.

The virtual meeting, conducted via Video Conferencing (VC) / Other Audio Video Means (OAVM) from Hyderabad, concluded at 12:50 pm. Members also adopted the audited standalone financial statements for the fiscal year ended March 31, 2026, and re-appointed Prashanth Mitta as Whole-time Director.

Key Resolutions Passed

The AGM addressed both ordinary and special business items. The statutory auditors’ report contained no qualifications or adverse remarks. However, the secretarial auditors’ report included certain qualifications and remarks, which the Board noted along with management replies.

The following resolutions were put to vote:

Voting Results

Voting was conducted through remote e-voting from September 6, 2026, to September 8, 2026, and via Insta Poll during the meeting. Central Depository Services (India) Limited (CDSL) facilitated the voting process. Scrutinizer RPR & Associates reported that all five resolutions passed with requisite majority.

Total votes polled stood at 42,78,852 for the financial statements resolution, representing 19.57% of outstanding shares. Promoters voted 4,000,000 shares (100% in favour), while public non-institutional shareholders voted 2,78,852 shares, with 99.99% in favour.

Resolution-wise Breakdown

Attendees and Governance

The meeting was chaired by Independent Director Sreenivasa Rao Ravinuthala. A total of 64 members attended, comprising one promoter group representative and 63 public shareholders.

Five directors were present via video conferencing:

• Prashanth Mitta (Whole-time Director & CEO)
• Sreenivasa Rao Ravinuthala (Independent Director & Chairman)
• Maruti Venkata Subba Rao Poluri (Independent Director & Chairman of Audit Committee)
• Kotla Nirvigna (Executive Director)
• Santosh Kumar Vangapally (Whole-time Director)

Key Managerial Personnel (KMPs) present included Vidhi Sharma (Company Secretary and Compliance Officer) and Bhanu Dinesh Alava (Chief Financial Officer). Statutory Auditors RSM & Associates and Secretarial Auditors RPR & Associates were also in attendance.