Telogica Limited has received formal no-objection from BSE Limited for the reclassification of 14 entities from the "Promoter/Promoter Group" category to "Public" shareholder category under Regulation 31A of SEBI LODR Regulations, 2015.
The approval was granted via BSE letter reference LIST/COMP/SJ/128/2026-27 dated June 30, 2026. The company also received an advisory letter from BSE regarding the reclassification.
Shareholding Impact
The shareholding pattern changes as follows:
- Pre-Reclassification: Promoter holding: 1,18,14,373 shares (18.09%), Public holding: 5,35,08,659 shares (81.91%)
- Post-Reclassification: Promoter holding: 1,14,40,688 shares (17.52%), Public holding: 5,38,82,344 shares (82.48%)
Entities Reclassified
The following 14 entities are being reclassified with their respective shareholdings:
1. Veerababa Reddy Pendru: 45,117 shares (0.07%)
2. Binu Bhansali: 4,800 shares (0.01%)
3. Pavani Yemula: 100 shares (0%)
4. K V Ramana Reddy: 6,738 shares (0.01%)
5. Pidugu Ganga Reddy: 6,000 shares (0.01%)
6. Venkatramireddi Gorla: 8,741 shares (0.01%)
7. Venkata Sundara Ramagopal Achanta: 6,000 shares (0.01%)
8. Nayansukh Reddy Baddam: 17,369 shares (0.03%)
9. Chilakapati Peda Bapulu: 0 shares (0%)
10. Rahul Katpally: 12,457 shares (0.02%)
11. Shailaja Gangavaram: 2,11,685 shares (0.32%)
12. Katpally Prashanthi Reddy: 54,668 shares (0.08%)
13. Gangavaram Rama Manohar Reddy: 10 shares (0%)
14. Amulya Reddy Gangavaram: 0 shares (0%)
Total shares reclassified: 3,73,685 shares (0.57%)
Compliance Advisory
BSE issued a separate advisory letter (LIST/COMP/SJ/127/2026-27) noting that the company submitted its application for reclassification on June 03, 2023, but disclosed this to stock exchanges on June 17, 2023, instead of the required timeline of within 24 hours (by June 04, 2023). BSE advised the company to exercise due diligence and avoid recurrence of such lapses in future compliance with SEBI LODR regulations.