Relic Technologies Promoter Group Increases Stake Through Open Market Purchase
Relic Technologies Limited disclosed a voluntary share acquisition by promoter Alisha Kunal Gandhi, who purchased 5,000 equity shares (0.09%) through open market transactions between March 17-24, 2026. The acquisition increased the promoter group's collective holding from 44.84% to 44.93%, with the company's equity capital remaining unchanged at Rs. 5,59,11,640 divided into 55,91,164 shares of Rs. 10 each. The disclosure was made voluntarily under SEBI SAST Regulations despite not triggering mandatory thresholds.
*this image is generated using AI for illustrative purposes only.
Relic Technologies Limited has announced a voluntary disclosure regarding share acquisition by its promoter group under SEBI's Substantial Acquisition of Shares and Takeover (SAST) Regulations. The disclosure, dated March 30, 2026, details the purchase of additional equity shares by promoter Alisha Kunal Gandhi through open market transactions.
Share Acquisition Details
The acquisition involved 5,000 equity shares purchased through open market transactions between March 17-24, 2026. This represents 0.09% of the company's total share capital and voting rights.
| Parameter: | Details |
|---|---|
| Shares Acquired: | 5,000 |
| Acquisition Period: | March 17-24, 2026 |
| Mode of Acquisition: | Open market purchase |
| Percentage of Total Capital: | 0.09% |
Promoter Group Holdings
The promoter group consists of Alisha Kunal Gandhi as the acquirer and three Persons Acting in Concert (PAC): Kunal Narendra Gandhi, ENAI Trading and Investment Private Limited, and Nehal Narendra Gandhi.
| Holding Period: | Number of Shares | Percentage |
|---|---|---|
| Before Acquisition: | 2,507,000 | 44.84% |
| After Acquisition: | 2,512,000 | 44.93% |
| Net Change: | +5,000 | +0.09% |
Company Share Capital Structure
Relic Technologies' equity share capital structure remained unchanged following the acquisition. The company maintains its existing capital base with no dilution or expansion.
| Capital Component: | Details |
|---|---|
| Total Equity Capital: | Rs. 5,59,11,640 |
| Number of Shares: | 55,91,164 |
| Face Value per Share: | Rs. 10 |
| Listing Exchange: | BSE Limited |
Regulatory Compliance
The disclosure was made voluntarily, as the company clarified that the threshold stipulated under Regulation 29(2) of the SEBI SAST Regulations has not been triggered. This demonstrates proactive compliance with regulatory transparency requirements despite not reaching mandatory disclosure thresholds.
The acquisition maintains the promoter group's significant stake in the technology company while ensuring full regulatory compliance and transparency with stakeholders.
Historical Stock Returns for Relic Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.81% | -1.86% | +0.27% | -15.47% | -7.28% | +383.64% |
Will the promoter group continue acquiring shares to reach the next SEBI disclosure threshold of 25% or higher?
How might this increased promoter stake affect Relic Technologies' strategic decisions and minority shareholder interests?
What impact could the strengthened promoter control have on potential merger and acquisition opportunities for the company?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
