BSEInsider Trading / SAST1d ago · 24 Oct 2026, 11:42 am
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mrs Chigurupati Uma Devi, Mrs Priyanka Chigurupati, Mrs Pragnya Chigurupati, Mr Harsha Chigurupati & PACs
Granules India Ltd-$ · 532482
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Granules India Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 from Mrs Chigurupati Uma Devi, Mrs Priyanka Chigurupati, Mrs Pragnya Chigurupati, and Mr Harsha Chigurupati regarding the allotment of 2,49,82,906 equity shares on conversion of warrants.
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Granules India Ltd-$ - 532482 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Date: 23 October 2026
From: Mrs Chigurupati Uma Devi, Mrs Priyanka Chigurupati, Mrs Pragnya Chigurupati and Mr
Harsha Chigurupati
Address for correspondence: H. No. 512/M, Road No. 31, Jubilee Hills, Hyderabad, Telangana –
500 033
1. National Stock Exchange of India Limited
Listing Department, Exchange Plaza, C-1, Block G,
Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
Symbol: GRANULES
2. BSE Limited
Department of Corporate Services, Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400 001
Scrip code: 532482
3. Granules India Limited
15th Floor, Granules Tower, Botanical Garden Road,
Kondapur, Hyderabad, Telangana – 500 084
Sub: Disclosure under regulation 29(2) of the SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011: allotment of 2,49,82,906 equity shares of Granules India
Limited on 16 September 2026 on conversion of warrants
Dear Sir/Madam,
We enclose our disclosure under regulation 29(2) of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in respect of the allotment
to us, on 16 September 2026, of 2,49,82,906 equity shares of Granules India Limited on
conversion of warrants allotted to us on a preferential basis on 23 February 2026. The disclosure
is made by the four of us, shows the holdings of the persons acting in concert with us, and replaces
the disclosure dated 16 September 2026 filed by Mrs Chigurupati Uma Devi on 25 September
2026.
Please take the disclosure on record.
Yours faithfully,
Mrs Chigurupati Uma Devi Mrs Priyanka Chigurupati
Mrs Pragnya Chigurupati Mr Harsha Chigurupati
Encl.: Disclosure under regulation 29(2) (2 pages)
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011
Name of the Target Company (TC) Granules India Limited
Acquirers: (1) Mrs Chigurupati Uma Devi; (2) Mrs Priyanka
Chigurupati; (3) Mrs Pragnya Chigurupati; (4) Mr Harsha
Chigurupati
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the Persons acting in concert: (1) Dr Krishna Prasad Chigurupati; (2)
acquirer Mrs Suseela Devi Chigurupati; (3) Ms Santhi Sree Ramanavarapu;
(4) Ms Nikhila Reddy Yedaguri; (5) Mr Venkata Mahesh Krishna
Narra; (6) Mr Kalidindi Abhinav Varma; (7) Tyche Investments
Private Limited
Whether the acquirer belongs to Promoter/Promoter group Promoter group
Name(s) of the Stock Exchange(s) where the shares of TC are Listed National Stock Exchange of India Limited and BSE Limited
% w.r.t. total % w.r.t. total
share/voting capital diluted
Details of the acquisition / disposal as follows Number
wherever share/voting capital
applicable (*) of the TC (**)
Before the acquisition/sale under consideration, holding of:
a) Shares carrying voting rights
1. Dr Krishna Prasad Chigurupati 5,96,08,111 24.06 21.85
2. Mrs Chigurupati Uma Devi 92,40,761 3.73 3.39
3. Mrs Priyanka Chigurupati 18,18,683 0.73 0.67
4. Mrs Pragnya Chigurupati 18,42,035 0.74 0.68
5. Mr Harsha Chigurupati Nil Nil Nil
6. Mrs Suseela Devi Chigurupati 65,000 0.03 0.02
7. Ms Santhi Sree Ramanavarapu 8,46,878 0.34 0.31
8. Ms Nikhila Reddy Yedaguri 29,500 0.01 0.01
9. Mr Venkata Mahesh Krishna Narra Nil Nil Nil
10. Mr Kalidindi Abhinav Varma Nil Nil Nil
11. Tyche Investments Private Limited 35,52,557 1.43 1.30
Total (a) 7,70,03,525 31.08 28.23
b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal
Nil Nil Nil
undertaking/ others)
c) Voting rights (VR) otherwise than by shares Nil Nil Nil
d) Warrants/convertible securities/any other instrument that entitles the
acquirer to receive shares carrying voting rights in the TC (specify
holding in each category)
1. Mrs Chigurupati Uma Devi 2,48,80,342 – 9.12
2. Mrs Priyanka Chigurupati 34,188 – 0.01
3. Mrs Pragnya Chigurupati 34,188 – 0.01
4. Mr Harsha Chigurupati 34,188 – 0.01
Total (d) 2,49,82,906 – 9.16
e) Total (a+b+c+d) 10,19,86,431 31.08 37.39
Details of acquisition/sale:
a) Shares carrying voting rights acquired
1. Mrs Chigurupati Uma Devi 2,48,80,342 9.12 9.12
2. Mrs Priyanka Chigurupati 34,188 0.01 0.01
3. Mrs Pragnya Chigurupati 34,188 0.01 0.01
4. Mr Harsha Chigurupati 34,188 0.01 0.01
Total (a) 2,49,82,906 9.16 9.16
b) VRs acquired/sold otherwise than by shares Nil Nil Nil
c) Warrants/convertible securities/any other instrument that entitles the
acquirer to receive shares carrying voting rights in the TC (specify Nil Nil Nil
holding in each category) acquired/sold
d) Shares encumbered/invoked/released by the acquirer Nil Nil Nil
e) Total (a+b+c+/-d) 2,49,82,906 9.16 9.16
After the acquisition/sale, holding of:
a) Shares carrying voting rights
1. Dr Krishna Prasad Chigurupati 5,96,08,111 21.85 21.85
2. Mrs Chigurupati Uma Devi 3,41,21,103 12.51 12.51
3. Mrs Priyanka Chigurupati 18,52,871 0.68 0.68
4. Mrs Pragnya Chigurupati 18,76,223 0.69 0.69
5. Mr Harsha Chigurupati 34,188 0.01 0.01
6. Mrs Suseela Devi Chigurupati 65,000 0.02 0.02
7. Ms Santhi Sree Ramanavarapu 8,46,878 0.31 0.31
8. Ms Nikhila Reddy Yedaguri 29,500 0.01 0.01
9. Mr Venkata Mahesh Krishna Narra Nil Nil Nil
10. Mr Kalidindi Abhinav Varma Nil Nil Nil
11. Tyche Investments Private Limited 35,52,557 1.30 1.30
Page 2 of 3
Total (a) 10,19,86,431 37.39 37.39
b) Shares encumbered with the acquirer Nil Nil Nil
c) VRs otherwise than by shares Nil Nil Nil
d) Warrants/convertible securities/any other instrument that entitles the
acquirer to receive shares carrying voting rights in the TC (specify Nil Nil Nil
holding in each category) after acquisition
e) Total (a+b+c+d) 10,19,86,431 37.39 37.39
Mode of acquisition/sale (e.g. open market / off-market / public issue / Preferential allotment: allotment of equity shares on conversion of
rights issue / preferential allotment / inter-se transfer etc.) warrants allotted on a preferential basis on 23 February 2026
Date of acquisition/sale of shares/VR or date of receipt of intimation of
16 September 2026 (date of allotment of the equity shares)
allotment of shares, whichever is applicable
Equity share capital/total voting capital of the TC before the said
₹24,77,96,921 (24,77,96,921 equity shares of ₹1 each)
acquisition/sale
Equity share capital/total voting capital of the TC after the said
₹27,27,79,827 (27,27,79,827 equity shares of ₹1 each)
acquisition/sale
Total diluted share/voting capital of the TC after the said acquisition ₹27,27,96,921 (27,27,96,921 equity shares of ₹1 each)
(*) Computed on the equity share capital of the TC stated above, before or after the acquisition/sale as the case may be.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible
securities/warrants into equity shares of the TC.
Notes:
1. The equity shares were allotted on conversion of the 2,49,82,906 warrants shown under (d) before the acquisition, on payment of the balance
75 per cent of the issue price of ₹585 per warrant (₹438.75 per warrant). No warrants of the acquirers remain outstanding.
2. After the allotment, the only outstanding warrants are 17,094 warrants held by a non-promoter investor. The diluted share capital assumes
their conversion.
3. This disclosure replaces the disclosure dated 16 September 2026 filed by Mrs Chigurupati Uma Devi on 25 September 2026.
Signature of the acquirers
Mrs Chigurupati Uma Devi Mrs Priyanka Chigurupati
Mrs Pragnya Chigurupati Mr Harsha Chigurupati
Place: Hyderabad Date: 23.10.2026
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