Bhanu Prakash Vemeshetty has made a substantial acquisition in Capricorn Systems Global Solutions Limited, acquiring 49,51,350 equity shares representing 17.70% of the company's voting capital through subscription to the rights issue. The acquisition has been formally disclosed to BSE Limited under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Acquisition Details

The transaction represents a significant entry into Capricorn Systems, with Vemeshetty moving from zero shareholding to a substantial 17.70% stake. The acquisition details are summarized below:

Vemeshetty is classified as a non-promoter investor and has no persons acting in concert (PACs) associated with this acquisition. The shares acquired are equity shares with voting rights, with no encumbrances or convertible securities involved in the transaction.

Capital Structure Impact

The rights issue has resulted in a substantial expansion of Capricorn Systems' equity share capital. The company's capital structure transformation is detailed below:

The significant increase in share capital from Rs.3,99,60,000 to Rs.27,97,20,000 reflects the substantial nature of the rights issue undertaken by the company.

Regulatory Compliance

The acquisition has triggered disclosure requirements under SEBI regulations due to crossing the substantial acquisition threshold. Vemeshetty has fulfilled his regulatory obligations by filing the necessary disclosure with BSE Limited, where Capricorn Systems' shares are listed. The formal disclosure was submitted on 05-03-2026, following the receipt of allotment intimation on 26-02-2026.

Shareholding Position

Post-acquisition, Vemeshetty holds 49,51,350 shares representing 17.70% of both the total share capital and diluted share capital of Capricorn Systems. The acquisition establishes him as a significant shareholder in the company, with no additional voting rights beyond equity shares or any convertible securities in his portfolio.

Capricorn Systems Global Solutions Limited has announced the successful completion of its rights issue allotment, with the Rights Issue Committee of the Board of Directors approving the allotment of 2,39,76,000 fully paid-up rights equity shares on February 25, 2026. The allotment represents a significant capital expansion for the technology solutions company.

Rights Issue Details

The rights equity shares were allotted at an issue price of Rs. 10 per share, matching the face value of Rs. 10 each. The rights issue was structured in the ratio of 6 rights equity shares for every 1 existing fully paid-up equity share held as on the record date of January 30, 2026.

Capital Structure Transformation

The rights issue has resulted in a substantial increase in the company's equity base. The paid-up equity share capital has expanded from Rs. 3,99,60,000 to Rs. 27,97,20,000, representing a significant capital infusion.

Pre-Rights Issue vs Post-Rights Issue Capital:

Regulatory Compliance and Process

The allotment was conducted in accordance with the terms outlined in the Letter of Offer dated January 29, 2026. The basis of allotment was finalized in consultation with KFin Technologies Limited, which served as the Registrar to the Issue, and received approval from BSE Limited as the designated stock exchange for the issue.

The company has formally communicated the allotment outcome to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Rights Issue Committee meeting was held on February 25, 2026, commencing at 7:30 PM and concluding at 7:55 PM.

Corporate Communication

The formal communication to BSE Limited was addressed to the Corporate Relationship Department at Phiroze Jeejeebhoy Towers, Mumbai. The announcement was signed by Maruthi Padmaja Prayaga, Company Secretary and Compliance Officer, with membership number A30146, from the company's Hyderabad office. Additional information regarding the rights issue is available on the company's website at www.capricornsys-global.com .