Novelix Pharma: Vupparapalli Reddy Acquires 5.60 Lakh Shares

Novelix Pharmaceuticals Ltd has disclosed a significant share acquisition by Vupparapalli Chandrasekhar Reddy and Vupparapalli Pavani. Vupparapalli Chandrasekhar Reddy was allotted 5,60,000 equity shares on May 29, 2026, pursuant to the conversion of warrants issued via preferential allotment. This transaction increases their combined shareholding to 11.95% of the company's total equity. The acquisition was completed through the conversion of warrants on a preferential allotment basis, impacting the company's equity structure and promoter holdings.