https://www.screener.in/company/SBCL/#shareholding
Jun 23: Promoters: 60.60%, FII: 0.46% Public: 38.77%
Mar 24: Promoters: 51.13%,FII: 3.26% Public: 43.70%
Maybe this dilution helps in increasing floating shares, however, 0.01% increase makes me worried about possible future dilution if any when revenue is flat for past 6 quarters.
Disclosure: Invested.