News Corporate Actions Cura Technologies Promoters to Divest 25,000 Shares to Meet SEBI's Minimum Public Shareholding NormsCura Technologies Promoters to Divest 25,000 Shares to Meet SEBI's Minimum Public Shareholding Norms
Cura Technologies Limited promoters will sell 25,000 equity shares (0.25% of paid-up capital) between February 17-March 15, 2026, to meet SEBI's minimum public shareholding requirements. Mr. Boosa Ramreddy and Mrs. Sanjana Lagumavarapu will dispose of 5,000 and 20,000 shares respectively at market prices, reducing promoter holding from 75.20% to below the 75% regulatory limit and ensuring 25% minimum public shareholding compliance.
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Cura Technologies Limited has informed stock exchanges about its promoters' plan to sell equity shares to comply with SEBI's minimum public shareholding (MPS) requirements. The move comes as the company's promoter holding currently exceeds the regulatory limit, necessitating a strategic divestment to meet compliance standards.
Current Shareholding Structure
The promoters of Cura Technologies currently hold 74,44,702 equity shares, representing 75.20% of the total paid-up equity share capital. According to SEBI regulations, companies must maintain a minimum public shareholding of 25%, which means promoter holdings cannot exceed 75% of the total paid-up capital. To achieve compliance, the promoters need to dispose of a minimum of 20,000 equity shares.
Planned Divestment Details
The company's board has requested the promoters to dispose of 25,000 equity shares in the open market, exceeding the minimum requirement. Two promoters have agreed to participate in this divestment process:
| Promoter Details: | Mr. Boosa Ramreddy | Mrs. Sanjana Lagumavarapu |
|---|---|---|
| Shares to be sold: | 5,000 equity shares | 20,000 equity shares |
| Percentage of capital: | 0.05% | 0.20% |
| Pre-sale holding: | 7,18,000 shares (7.25%) | 20,000 shares (0.20%) |
| Post-sale holding: | 7,13,000 shares (7.20%) | Nil |
Transaction Timeline and Terms
The divestment process will be conducted through open market sales at prevailing market prices. The shares to be sold are held in demat form and are free from any lock-in restrictions. The entire transaction will be completed within a specified timeframe to ensure regulatory compliance.
| Transaction Parameters: | Details |
|---|---|
| Sale period: | February 17, 2026 to March 15, 2026 |
| Total shares: | 25,000 equity shares |
| Share value: | ₹10 per share |
| Percentage of capital: | 0.25% |
| Sale method: | Open market at prevailing prices |
Regulatory Compliance Framework
This divestment aligns with SEBI's master circular requirements for achieving minimum public shareholding. The company has filed the necessary intimation with both BSE Limited (Scrip Code: 532332) and National Stock Exchange of India Limited (Symbol: CURAA) as mandated by regulations. The promoters have also provided undertakings confirming they will not purchase any shares in the open market during the divestment period.
Purpose and Impact
The primary objective of this share sale is to reduce promoter holdings to below 75% and maintain the mandatory 25% minimum public shareholding. This strategic move ensures the company remains compliant with SEBI regulations while providing increased liquidity to public shareholders. The divestment process follows the manner of achieving minimum public shareholding as stipulated in SEBI's circular dated November 11, 2024, and January 30, 2026.
Historical Stock Returns for Cura Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.00% | -3.61% | -17.84% | -70.33% | +250.43% | +250.43% |
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