Senthil Infotek promoter stake steady at 62.9% in Jun 2026

Promoter holding unchanged in the June 2026 quarter

Senthil Infotek Limited’s shareholding pattern shows promoter holding unchanged at 62.90% in the June 2026 quarter. As of August 2026, promoter shareholding continued to stand at 62.9% of the company’s total shares. The stability follows a change in the promoter group through a share purchase agreement, along with a mandatory open offer to public shareholders. Despite the open offer window and a higher offer price than the negotiated promoter acquisition price, the open offer closed with zero shares tendered. That outcome kept the acquirers’ stake and the overall promoter holding at the same level.

Who the new acquirers are and what they bought

Kolli Murali Krishna and Gogineni Srinivas became the key acquirers in the transaction. They agreed to acquire 31,76,300 equity shares in Senthil Infotek, representing 62.90% of the voting share capital. The sellers were the existing promoter group entities and individuals, including Pitchandi Chellamani, Pitchandi Seetha Lakshmi, Pitchandi Selvam, Pitchandi Anuradha, Pitchandi Malliga, and Cementeel Constructions Pvt Ltd. The acquisition represents a clear change of control and triggered compliance steps under takeover regulations.

The share purchase agreement and pricing details

The mandatory open offer stemmed from a Share Purchase Agreement executed on April 08, 2026. Under this agreement, Kolli Murali Krishna and Gogineni Srinivas agreed to buy the 31,76,300 shares at a negotiated price of ₹5.50 per share. The total consideration for the promoter stake purchase was ₹1,74,69,650, which is about ₹1.75 crore. Another reference in the data also values the transaction at INR 25.41 million, which is about ₹2.541 crore. The article data contains both figures, and they appear in different disclosures about the same 62.9% stake.

Open offer announced for up to 26% of voting capital

Because the acquisition involved a 62.90% stake, it triggered a mandatory open offer to the public shareholders. The open offer was to acquire up to 13,13,000 fully paid-up equity shares, representing 26% of Senthil Infotek’s voting share capital. The offer price was fixed at ₹8 per equity share. The total maximum consideration for the open offer was stated as approximately ₹1.05 crore. The offer was managed by Synfinx Capital Private Limited.

Offer timetable and independent directors’ view

The open offer opened on June 18, 2026 and closed on July 02, 2026. Senthil Infotek’s Independent Directors Committee reviewed the offer and recommended it, stating that the ₹8 per share price was fair and compliant with SEBI regulations. The tendering window was clearly defined between June 18 and July 02 for shareholders who wished to participate. The acquirers also stated that they did not intend to delist the company, as per the information provided.

Outcome: zero shares tendered, holding remains the same

The open offer closed with zero shares tendered by public shareholders. As a result, the acquirers’ shareholding remained at 31,76,300 equity shares, or 62.90% of the voting share capital. The public shareholding consequently stood at 18,73,700 equity shares, representing 37.10% of the voting share capital. Separate entries also note that the acquisition of the 26% stake was cancelled, consistent with the outcome that no shares were received through the open offer process.

Completion of the promoter stake acquisition

Corporate updates indicate the acquisition of the 62.9% stake was completed around early July 2026. One entry notes completion on July 01, while another notes completion on July 02, 2026. Across these updates, the substantive point remains that the acquirers completed the purchase of the promoter stake that took their holding to 62.90%. With the open offer yielding zero tenders, the promoter holding remained unchanged after completion.

Key facts at a glance

Market impact and why this matters for shareholders

From a shareholding perspective, the biggest impact is that the ownership transition occurred through the promoter block purchase, not through public share participation in the open offer. Since no public shares were tendered, there was no incremental consolidation beyond the 62.90% already acquired via the share purchase agreement. The difference between the negotiated promoter price (₹5.50 per share) and the open offer price (₹8 per share) did not translate into tendered volumes during the offer window.

For public shareholders, the data confirms that the free float remained 37.10% after the close of the open offer. It also clarifies that the acquirers have stated they do not intend to delist the company. The Independent Directors Committee’s recommendation focused on regulatory compliance and fairness of the offer price, but the final participation depended on shareholder decisions, which resulted in zero tenders.

Conclusion

Senthil Infotek’s promoter holding stayed at 62.90% in the June 2026 quarter and remained at the same level even after the mandatory open offer process concluded. The 62.90% stake purchase by Kolli Murali Krishna and Gogineni Srinivas was executed via the April 08, 2026 share purchase agreement and completed in early July 2026. With the open offer (June 18 to July 02) closing with zero shares tendered, the company’s promoter-public split remained 62.90% and 37.10%, respectively, as reflected in the disclosed figures.