Document Title: Outcome of Board Meeting - Warrant Conversion and Share Allotment

Summary of Key Information:

Reporting Period (Quarter/Year): Not Specified

Nature of Filing / Announcement: Regulatory filing under SEBI LODR Regulation 30 for allotment of equity shares pursuant to conversion of warrants

Date of Board Meeting / Approval: 30-09-2026 (11:30 AM to 12:30 PM)

Audit Opinion: Not Specified

Auditor's Comment: Not Specified

Key Financial Highlights:

Standalone Results: Not Specified

Consolidated Results: Not Specified

Corporate Actions:

The Board approved allotment of 11,50,000 equity shares of ₹10 each pursuant to conversion of fully convertible equity share warrants at an issue price of ₹63.80 per warrant (premium of ₹53.80).

The company received ₹47.85 per warrant (75% of issue price) aggregating to ₹5,50,27,500 from both promoter and non-promoter categories.

This is part of the original preferential allotment of 50,00,000 convertible warrants approved by members on January 02, 2025.

The tenure for conversion into equity shares is 18 months from the date of original allotment (23-05-2025).

Capital Structure Changes:

Post-allotment capital structure as of 30-09-2026:

  • Issued Capital: 31,874,303 shares (₹31,87,43,030)
  • Paid-up Capital: 31,874,303 shares (₹31,87,43,030)

Previous capital structure:

  • As of meeting dated 06-08-2026: 30,724,303 shares (₹30,72,43,030)
  • Prior to that: 28,354,303 shares (₹28,35,43,030)

Warrant Conversion Status:

  • 23,70,000 warrants converted into equity shares in Board Meeting held on 06-08-2026
  • 11,50,000 warrants converted into equity shares in Board Meeting held on 30-09-2026
  • 14,80,000 warrants outstanding for conversion within 18 months from 23-05-2025

Shareholding Changes (30-09-2026 Allotment):

Promoter & Promoter Group:

  • Nimit Rajesh Ghatalia: 150,000 shares converted, post-holding 1,650,000 shares (5.18%)

Public Category:

  • Archana Pramod Wani: 200,000 shares converted, post-holding 200,000 shares (0.63%)
  • Priti Vijaykumar Shah: 500,000 shares converted, post-holding 500,000 shares (1.57%)
  • Vaishali Aggarwal: 250,000 shares converted, post-holding 250,000 shares (0.78%)
  • Sujata Tushar Mehta: 25,000 shares converted, post-holding 25,000 shares (0.08%)
  • Tushar Mehta HUF: 25,000 shares converted, post-holding 25,000 shares (0.08%)

Regulatory Disclosures:

Disclosure made pursuant to Regulation 30 and Schedule III of SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Other Significant Information:

The original warrant allotment was determined in accordance with Chapter V of SEBI ICDR Regulations, 2018.

Revised Annexure I table enclosed with reference to outcome of Board Meeting dated 06-08-2026.