Kavveri Defence & Wireless Technologies Ltd has announced a promoter share acquisition involving 3,20,000 equity shares representing 0.93% of the company's total shareholding. The transaction was executed through an off-market transfer between existing promoters via a gift deed dated March 2, 2026.

Transaction Details

The share transfer involved Chennareddy Shivkumar Reddy transferring shares to Chenna Reddy Sanketh Ram Reddy through an inter-se transfer mechanism. The company filed the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 5, 2026.

Shareholding Changes

The transaction resulted in an increase of Chenna Reddy Sanketh Ram Reddy's stake in the company. His shareholding pattern before and after the transaction shows:

Company Capital Structure

The company's equity share capital remains unchanged following this inter-se transfer. The capital structure details are:

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The company filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited on March 5, 2026. Since this was an inter-se transfer between existing promoters through a gift deed executed on March 2, 2026, it redistributed shares within the promoter group while maintaining overall promoter group shareholding in the company.

Kavveri Defence & Wireless Technologies Limited has successfully completed the allotment of 1,85,00,000 equity shares through warrant conversion at its board meeting held on March 05, 2026. The company raised ₹22.20 crore from 16 investors, including promoters and non-promoter categories, at an issue price of ₹16 per share including a premium of ₹6 each.

Board Meeting Outcome and Share Allotment

The board meeting, originally scheduled to consider warrant conversion matters, concluded with the approval of equity share allotment to warrant holders. The allotment was completed on a preferential basis upon receipt of 75% of the issue price per warrant from eligible allottees.

Allottee Details and Distribution

The warrant conversion involved both promoter and non-promoter categories, with the largest allocations going to promoter group members. Uma Reddy C received the highest allocation of 27,50,000 shares, followed by Chennareddy Rohit Reddy and Ruma Reddy Chenna Reddy with 22,50,000 and 22,20,000 shares respectively.

Impact on Share Capital Structure

Following the allotment, the company's paid-up equity share capital has increased significantly from ₹34,37,42,600 comprising 3,43,74,260 equity shares to ₹52,87,42,600 comprising 5,28,74,260 equity shares of face value ₹10 each.

Regulatory Compliance and Documentation

The allotment was conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and proper disclosures were made under Regulation 30 of SEBI LODR Regulations, 2015. The company notified both BSE Limited and National Stock Exchange of India Limited about the completion of the allotment process.

The warrants were originally allotted on September 10, 2024, with warrant holders having 18 months from the allotment date to exercise their conversion rights. The current conversion represents the exercise of these rights with payment of the balance 75% consideration.