
Subsidiary29 Sept 2026, 10:50 pm
Alphalogic Industries Ceases to be Subsidiary Post Warrant Conversion
AI Summary
Alphalogic Techsys Limited announced that its investee company, Alphalogic Industries Limited (AIL), has allotted 3,30,000 equity shares upon conversion of warrants to public category allottees. This allotment has resulted in a dilution of Alphalogic Techsys's shareholding in AIL from 51.18% to 49.57%. Consequently, AIL has ceased to be a subsidiary of Alphalogic Techsys and is now classified as an associate company, effective September 29, 2026. Alphalogic Techsys continues to be a promoter of AIL. The change in status is due to the enlarged share capital of AIL, not due to any sale or transfer of shares by Alphalogic Techsys.
Key Highlights
- AIL ceases to be a subsidiary of Alphalogic Techsys due to shareholding dilution.
- Alphalogic Techsys's stake in AIL reduced from 51.18% to 49.57%.
- 3,30,000 equity shares were allotted upon warrant conversion to public category.
- AIL is now classified as an associate company, effective September 29, 2026.
- Alphalogic Techsys remains a promoter of AIL.
Price Impact
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