Relic Technologies Limited has filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011, reporting a significant share transfer within its promoter group. The disclosure, submitted to BSE Limited on March 4, 2026, details the acquisition of equity shares by promoter Alisha Kunal Gandhi from another promoter following the probate of a will.

Share Acquisition Details

The transaction involved the acquisition of 1,65,000 equity shares by Alisha Kunal Gandhi, representing 2.95% of the company's total share capital. The acquisition was executed as an off-market transfer on February 27, 2026, pursuant to the probate of will of Late Mr. Narendra Gandhi.

Shareholding Structure

Before the acquisition, the promoter and persons acting in concert held 2,503,600 shares carrying voting rights, representing 44.78% of the total share capital. Following the acquisition, the overall promoter group shareholding remains unchanged at 44.78%. The company's equity share capital stands at Rs. 5,59,11,640, divided into 5,591,164 equity shares of Rs. 10.00 each.

Promoter Group Structure

The disclosure identifies the acquirer and persons acting in concert (PAC) within the promoter group:

• Acquirer: Alisha Kunal Gandhi
• PAC 1: Kunal Narendra Gandhi
• PAC 2: ENAI Trading and Investment Private Limited
• PAC 3: Nehal Narendra Gandhi

Regulatory Compliance

Relic Technologies Limited's shares are listed on BSE Limited under the scrip code 511712. The company has fulfilled its regulatory obligations by filing the required disclosure within the stipulated timeframe. The disclosure notes that the transfer of 1,65,000 equity shares was made by another promoter, Nehal Gandhi, pursuant to the probate of will of Late Mr. Narendra Gandhi, for which a separate disclosure for disposal of shares is being provided to the exchange.

The acquisition represents an internal reorganization within the promoter group, with the overall promoter and persons acting in concert shareholding remaining unchanged at 44.78%. This type of transfer typically occurs as part of estate planning or succession arrangements within promoter families.

Relic Technologies Limited has filed its quarterly compliance report with BSE Limited, confirming that there has been no deviation or variation in the utilization of proceeds from its preferential issue for the quarter ended December 31, 2025. The statement was submitted on February 12, 2026, in accordance with Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company raised funds through a preferential issue in two phases during 2025. The fund raising activities were structured as follows:

The equity shares carry a face value of Rs. 10 each, and the fully convertible warrants had a total value of Rs. 374.98 lakhs, with 25% paid upfront and the remaining 75% paid upon conversion to equity shares.

Fund Utilization Status

The company's fund utilization for the quarter ended December 31, 2025, demonstrates adherence to the original objectives outlined in the preferential issue:

The proceeds are being utilized for meeting working capital requirements, investment and acquisition of entities, further investment in or granting of loans to other entities, and for general corporate purposes, exactly as proposed in the original fund-raising document.

Regulatory Compliance

The utilization statement was duly reviewed by the company's Audit Committee at its meeting held on February 12, 2026. The Audit Committee confirmed that "the utilization of the proceeds from the preferential issue has been noted and is in line with the objects of the issue."

The funds were originally approved through resolutions passed at the Extra-Ordinary General Meeting held on March 18, 2025. The company has maintained full compliance with the stated objectives without any modification to the original allocation or purposes.

Corporate Information

Relic Technologies Limited operates under CIN L46497MH1991PLC064323 and is headquartered in Mumbai. The compliance statement was signed by Karthik Swaminathan Iyer, Executive Director (DIN: 08216928), confirming the company's adherence to regulatory requirements and transparent fund utilization practices.