NewsCorporate ActionsRelic Technologies Promoters Acquire Shares via Warrants on December 13, 2025Relic Technologies Promoters Acquire Shares via Warrants on December 13, 2025
Relic Technologies Limited disclosed multiple promoter acquisitions through warrant conversion on December 13, 2025. ENAI Trading and Investment Private Limited acquired 39,384 shares (0.76%), while Neha Gandhi and Kunal Gandhi acquired 30,500 shares (0.59%) and 36,280 shares (0.70%) respectively, expanding the company's share capital to ₹5.59 crores.
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Relic Technologies Limited has disclosed multiple acquisitions of equity shares by its promoters through warrant conversion, as reported to BSE Limited on December 15, 2025. The acquisitions involved the conversion of warrants issued on a preferential basis into equity shares on December 13, 2025.
Key Acquisition Details
The warrant conversion exercise involved three primary promoter entities acquiring equity shares. ENAI Trading and Investment Private Limited emerged as the largest acquirer, obtaining 39,384 equity shares representing 0.76% of the company's share capital. Neha Narendra Gandhi acquired 30,500 equity shares (0.59%), while Kunal Narendra Gandhi obtained 36,280 equity shares (0.70%).
| Promoter Entity | Shares Acquired | Percentage |
|---|---|---|
| ENAI Trading and Investment Private Limited | 39,384 equity shares | 0.76% |
| Kunal Narendra Gandhi | 36,280 equity shares | 0.70% |
| Neha Narendra Gandhi | 30,500 equity shares | 0.59% |
Shareholding Pattern Changes
The warrant conversion significantly altered the promoter's shareholding structure in Relic Technologies. The acquisitions were made by persons acting in concert (PAC), including Kunal Narendra Gandhi, ENAI Trading and Investment Private Limited, Neha Narendra Gandhi, and Alisha Kunal Gandhi.
| Holding Period | Voting Shares | Percentage | Total Holding |
|---|---|---|---|
| Before Acquisition | 2,397,436 | 46.55% | 2,503,600 (48.61%) |
| After Acquisition | 2,503,600 | 44.78% | 2,503,600 (44.78%) |
Share Capital Impact
The warrant conversion resulted in an expansion of Relic Technologies' equity share capital. The company's share capital increased from ₹5.15 crores, divided into 5,150,000 equity shares of ₹10.00 each, to ₹5.59 crores, comprising 5,591,164 equity shares of ₹10.00 each post-conversion.
| Parameter | Before Conversion | After Conversion |
|---|---|---|
| Share Capital | ₹5.15 crores | ₹5.59 crores |
| Total Shares | 5,150,000 shares | 5,591,164 shares |
| Face Value | ₹10.00 per share | ₹10.00 per share |
Regulatory Compliance
The disclosures were made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. ENAI Trading and Investment Private Limited filed its disclosure through director Kunal Narendra Gandhi, ensuring transparency regarding changes in promoter shareholding patterns and maintaining regulatory compliance for the BSE-listed company with scrip code 511712.
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