Kavveri Defence & Wireless Technologies Ltd has announced the completion of an inter-se transfer of equity shares between its promoters, involving the transfer of 2,20,000 shares through a gift deed arrangement. The transaction represents a significant internal restructuring of promoter holdings within the defense and wireless technology company.

Transaction Details

The share transfer was executed through an off-market transaction completed on March 24, 2026, based on a gift deed executed earlier on March 2, 2026. The transaction involved promoter Rajpeta Kasturi Hanumenthareddy as the transferor and Chenna Reddy Sanketh Ram Reddy as the recipient.

Impact on Promoter Holdings

The transaction has resulted in changes to both promoters' shareholding positions in the company. Rajpeta Kasturi Hanumenthareddy's holding decreased while Chenna Reddy Sanketh Ram Reddy's stake increased correspondingly.

Transferor Holdings (Rajpeta Kasturi Hanumenthareddy)

Recipient Holdings (Chenna Reddy Sanketh Ram Reddy)

Regulatory Compliance

Kavveri Defence & Wireless Technologies has filed comprehensive disclosures with both stock exchanges to ensure full regulatory compliance. The company submitted the required documentation on March 25, 2026, under multiple SEBI regulations.

Company Capital Structure

The company's equity share capital remains unchanged following this inter-se transfer. The total authorized and paid-up capital structure continues as previously established.

The inter-se transfer represents an internal reorganization among existing promoters without affecting the company's overall capital structure or introducing new stakeholders. All regulatory filings have been completed as per SEBI requirements, ensuring transparency and compliance with applicable securities regulations.

Kavveri Defence & Wireless Technologies Limited has successfully completed the allotment of 72,50,000 equity shares through warrant conversion, raising Rs 8,70,00,000 from three investors. The Board of Directors approved this allotment on March 06, 2026, following receipt of SEBI exemption from regulatory compliance requirements.

Board Meeting Outcome

The Board meeting held on March 06, 2026, commenced at 03:00 PM and concluded at 3:30 PM. The directors considered and approved the allotment of equity shares pursuant to conversion of warrants at an issue price of Rs 16 per share, including a premium of Rs 6 each. The allotment was made on a preferential basis to both promoter and non-promoter categories upon receipt of 75% of the issue price per warrant.

Allottee Details

The warrant conversion involved three investors across promoter and non-promoter categories:

Impact on Share Capital

Following the allotment, the company's paid-up equity share capital has increased significantly:

Post-Allotment Shareholding Pattern

The allotment has resulted in changes to the shareholding pattern of the three allottees:

Regulatory Compliance

The allotment was completed after receiving SEBI exemption dated March 05, 2026, from Regulation 170 of SEBI (ICDR) Regulations, 2018. SEBI granted the exemption citing reasonable ambiguity regarding whether the "15 days" stipulated under Regulation 170 refers to calendar days or working days. The original warrants were allotted on September 16, 2024 and September 17, 2024, with the conversion completed within the 18-month exercise period as per regulatory requirements.