Cura Technologies Promoters to Divest 25,000 Shares to Meet SEBI's Minimum Public Shareholding Norms

Cura Technologies Limited has informed stock exchanges about its promoters' plan to sell equity shares to comply with SEBI's minimum public shareholding (MPS) requirements. The move comes as the company's promoter holding currently exceeds the regulatory limit, necessitating a strategic divestment to meet compliance standards. Current Shareholding Structure The promoters of Cura Technologies currently hold 74,44,702 equity shares, representing 75.20% of the total paid-up equity share capital. According to SEBI regulations, companies must maintain a minimum public shareholding of 25%, which means promoter holdings cannot exceed 75% of the total paid-up capital. To achieve compliance, the promoters need to dispose of a minimum of 20,000 equity shares. Planned Divestment Details The company's board has requested the promoters to dispose of 25,000 equity shares in the open market, exceeding the minimum requirement. Two promoters have agreed to participate in this divestment process: Promoter Details: Mr. Boosa Ramreddy Mrs. Sanjana Lagumavarapu Shares to be sold: 5,000 equity shares 20,000 equity shares Percentage of capital: 0.05% 0.20% Pre-sale holding: 7,18,000 shares (7.25%) 20,000 shares (0.20%) Post-sale holding: 7,13,000 shares (7.20%) Nil Transaction Timeline and Terms The divestment process will be conducted through open market sales at prevailing market prices. The shares to be sold are held in demat form and are free from any lock-in restrictions. The entire transaction will be completed within a specified timeframe to ensure regulatory compliance. Transaction Parameters: Details Sale period: February 17, 2026 to March 15, 2026 Total shares: 25,000 equity shares Share value: ₹10 per share Percentage of capital: 0.25% Sale method: Open market at prevailing prices Regulatory Compliance Framework This divestment aligns with SEBI's master circular requirements for achieving minimum public shareholding. The company has filed the necessary intimation with both BSE Limited (Scrip Code: 532332) and National Stock Exchange of India Limited (Symbol: CURAA) as mandated by regulations. The promoters have also provided undertakings confirming they will not purchase any shares in the open market during the divestment period. Purpose and Impact The primary objective of this share sale is to reduce promoter holdings to below 75% and maintain the mandatory 25% minimum public shareholding. This strategic move ensures the company remains compliant with SEBI regulations while providing increased liquidity to public shareholders. The divestment process follows the manner of achieving minimum public shareholding as stipulated in SEBI's circular dated November 11, 2024, and January 30, 2026. Cura Technologies Limited announced its unaudited financial results for the quarter ended December 31, 2025, demonstrating a remarkable operational turnaround. The Board of Directors approved the quarterly results during their meeting held on January 31, 2026, at 3:30 p.m. at the company's registered office in Hyderabad. Board Meeting Outcomes The Board meeting, which concluded at 5:55 p.m., addressed two key agenda items under Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The directors approved the unaudited financial results along with the Limited Review Report and addressed the resignation of an Independent Director. Meeting Details: Information Date & Time: January 31, 2026 at 3:30 p.m. Venue: Registered Office, Hyderabad Meeting Duration: 3:30 p.m. to 5:55 p.m. Key Approvals: Q3FY26 Results & Director Resignation Financial Performance Turnaround Cura Technologies achieved profitability in Q3FY26 after previous quarters of losses, marking a significant operational recovery. The company generated revenue from operations of ₹11.99 lakhs compared to zero revenue in the corresponding quarter last year. Financial Metrics: Q3FY26 Q3FY25 Change Revenue from Operations: ₹11.99 lakhs ₹0.00 lakhs New revenue stream Total Income: ₹11.99 lakhs ₹0.00 lakhs Significant improvement Total Expenses: ₹10.28 lakhs ₹24.64 lakhs -58.30% reduction Net Profit/(Loss): ₹1.71 lakhs ₹(24.64) lakhs Turnaround to profit Earnings per Share: ₹0.02 ₹(1.26) Positive swing Nine-Month Performance Analysis For the nine months ended December 31, 2025, the company showed continued improvement with revenue from operations of ₹38.05 lakhs and other income of ₹0.02 lakhs. The net loss reduced dramatically to ₹0.60 lakhs from ₹40.95 lakhs in the corresponding period last year. Nine-Month Metrics: FY26 FY25 Improvement Revenue from Operations: ₹38.05 lakhs ₹0.00 lakhs New business Net Loss: ₹(0.60) lakhs ₹(40.95) lakhs 98.50% improvement Employee Benefits: ₹16.55 lakhs ₹3.48 lakhs Increased investment Other Expenses: ₹20.51 lakhs ₹37.46 lakhs 45.30% reduction Leadership Changes and Compliance Mrs. Priyanka Agarwal (DIN: 10315690) resigned as Non-Executive Independent Director effective January 31, 2026, citing personal reasons. The resignation was processed in accordance with SEBI regulations, with the director confirming no other material reasons for her departure. Director Information: Details Name: Mrs. Priyanka Agarwal Position: Non-Executive Independent Director DIN: 10315690 Effective Date: January 31, 2026 Shareholding: Nil Listed Entity Directorships: None Regulatory Compliance and Review The unaudited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by Pundarikashyam and Associates, Chartered Accountants. The company operates in the IT services segment as its single reportable business segment. The paid-up equity share capital stands at ₹990.00 lakhs with each equity share carrying a face value of ₹10.00. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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