Novelix promoters increase stake via warrant conversion Jul 15, 2026
Novelix Pharmaceuticals disclosed on July 13, 2026, that its promoters increased their shareholding through the conversion of warrants into equity shares on July 9, 2026. The allotment was executed via a preferential offer basis under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Following the transaction, the total voting capital stands at 28,470,000 equity shares, with Srinidhi Fine Chemicals LLP, Nanhari Belide, Vupparapalli Chandrasekhar Reddy, and Neha Gattu acquiring shares valued at ₹4,20,00,000, ₹8,00,00,000, ₹15,50,00,000, and ₹2,00,00,000 respectively.