Scanpoint Geomatics Promoter Group Shareholding Dilutes to 7.68% Post Rights Issue

SGL Resources , a geospatial technology solutions provider, has recently completed a rights issue that has significantly impacted its promoter group's shareholding. The company disclosed this information in compliance with SEBI takeover regulations, revealing important changes in its ownership structure.

Key Highlights of the Rights Issue

Completion Date: May 16, 2024
Impact on Promoter Group: Shareholding decreased from 18.62% to 7.68%
Dilution Percentage: 10.94%

Changes in Share Capital

The rights issue led to a substantial expansion of SGL Resources' paid-up equity share capital:

Aspect	Pre-Rights Issue	Post-Rights Issue
Paid-up Equity Share Capital (Rs. crore)	13.86	33.62
Number of Shares (crore)	6.93	16.81

Promoter Group Details

The promoter group, led by Rameshchandra K. Sojitra, includes six other entities. Despite acquiring an additional 9,000 shares during the rights issue, their overall percentage holding declined due to the expanded capital base.

Impact on Shareholding

Aspect	Pre-Rights Issue	Post-Rights Issue	Change
Promoter Group Shareholding (%)	18.62	7.68	-10.94

This significant dilution in promoter group shareholding is a direct result of the company's expanded equity base following the rights issue. While the promoters did acquire additional shares, the scale of the new share issuance led to a substantial decrease in their percentage ownership.

The completion of this rights issue marks a significant change in SGL Resources' capital structure. Investors and market watchers may want to keep an eye on how this shift in ownership might influence the company's future decisions and strategies.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.00%	-1.95%	-12.96%	+32.57%	-45.98%	-45.98%

SGL Resources , a company listed on the Bombay Stock Exchange (BSE: 526544), has announced its unaudited financial results for the first quarter ended June 30, 2025. The company's Board of Directors approved both standalone and consolidated financial statements during a meeting held on September 19, 2025.

Key Highlights

The Board meeting commenced at 4:30 PM and concluded at 5:15 PM.
Financial results were prepared in accordance with Indian Accounting Standards (Ind AS).
A typing error in the Limited Review Report, showing June 2024 instead of June 2025, was identified and corrected.
The consolidated results include the performance of the company's subsidiary, Jyacad Solutions Private Limited.

Subsidiary Performance

Jyacad Solutions Private Limited, a wholly-owned subsidiary of SGL Resources, reported the following results for the quarter:

Item	Amount
Revenue	Rs. 0.00
Net Loss	Rs. 0.16

Auditor's Review

The company's statutory auditors, M/s Ram Chandak & Associates, conducted a limited review of the financial results. Key points from their review include:

No material misstatements were found in the financial results.
The review was conducted in accordance with the Standard on Review Engagement (SRE) 2410.
The financial statements comply with the applicable Indian Accounting Standards and other recognized accounting practices and policies.

Corporate Governance

SGL Resources has demonstrated its commitment to transparency and regulatory compliance by:

Promptly addressing and correcting the typographical error in the Limited Review Report.
Submitting the revised outcome of the Board meeting to the BSE.
Uploading the unaudited financial results on the company's website.

The company's proactive approach in addressing the typing error and providing clear communication to stakeholders underscores its dedication to maintaining accurate and transparent financial reporting.

Investors and stakeholders are advised to refer to the detailed financial statements and Limited Review Report for a comprehensive understanding of the company's financial position and performance for the quarter ended June 30, 2025.