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Evolution Capital Advisory Services Private Limited has acquired 2.5 lakh equity shares of Kranti Industries Limited by converting fully convertible warrants allotted on a preferential basis. This increases their total holding, along with persons acting in concert, to approximately 13.07% of the company’s diluted share capital. The acquisition was executed through preferential allotment, with the new shares carrying equal voting rights and dividend entitlements as existing shares. This stake increase signals Evolution Capital’s deeper equity participation, potentially influencing shareholder dynamics and future corporate actions.