Summary of Key Information:

Acquirer / Seller / Promoter:

  • Mihir Rajesh Ghatalia (Promoter)
  • Nimit Rajesh Ghatalia (Promoter)
  • Mira Mihir Ghatalia (Promoter)
  • Mihir Rajesh Ghatalia (HUF) (Promoter)
  • Rajesh Pranlal Ghatalia (Promoter)

Target Company:

AAREY DRUGS AND PHARMACEUTICLES LIMITED

Stock Exchange Listings:

Nature of Transaction / Event:

Allotment of Equity Shares pursuant to conversion of warrants

Date of Transaction:

30-09-2026 (includes revised allotment for 06-08-2026)

Number of Shares Affected:

Total 1,520,000 equity shares allotted across five promoter entities

Mode of Transaction / Action:

Allotment of shares due to conversion of convertible warrants

Consideration:

Total consideration of ₹7,28,08,250/- (approximately ₹7.28 crore) paid across all transactions

Shareholding Details by Promoter:

1. Mihir Rajesh Ghatalia

Before Transaction:

  • Shares Held: 2,835,888 equity shares (10.00%)
  • Convertible Warrants: 345,000 (1.22%)

Transaction Details:

  • Number of Shares Allotted: 345,000
  • Consideration: ₹1,65,08,250/-

After Transaction:

  • Shares Held: 3,180,888 equity shares
  • % of Total Capital: 9.98%

2. Nimit Rajesh Ghatalia

Before Transaction:

  • Shares Held: 1,150,000 equity shares (4.06%)
  • Convertible Warrants: 500,000 (1.76%)

Transaction Details:

  • Number of Shares Allotted: 500,000
  • Consideration: ₹2,39,25,000/-

After Transaction:

  • Shares Held: 1,650,000 equity shares
  • % of Total Capital: 5.18%

3. Mira Mihir Ghatalia

Before Transaction:

  • Shares Held: 690,000 equity shares (2.43%)
  • Convertible Warrants: 250,000 (0.88%)

Transaction Details:

  • Number of Shares Allotted: 250,000
  • Consideration: ₹1,19,62,500/-

After Transaction:

  • Shares Held: 940,000 equity shares
  • % of Total Capital: 2.95%

4. Mihir Rajesh Ghatalia (HUF)

Before Transaction:

  • Convertible Warrants: 245,000 (0.86%)

Transaction Details:

  • Number of Shares Allotted: 245,000
  • Consideration: ₹1,17,23,250/-

After Transaction:

  • Shares Held: 245,000 equity shares
  • % of Total Capital: 0.77%

5. Rajesh Pranlal Ghatalia

Before Transaction:

  • Shares Held: 2,971 equity shares (0.01%)
  • Convertible Warrants: 180,000 (0.63%)

Transaction Details:

  • Number of Shares Allotted: 180,000
  • Consideration: ₹86,13,000/-

After Transaction:

  • Shares Held: 182,971 equity shares
  • % of Total Capital: 0.57%

Other Noteworthy Information:

  • Disclosure made pursuant to Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Filed in prescribed Format Form C for continual disclosure requirements
  • Filing date: 03-10-2026 from Mumbai
  • No derivatives trading activity reported by promoters

Analyst Notes:

The disclosure represents a routine capital structure update through warrant conversion by promoter group entities, resulting in increased equity capital without changing the fundamental ownership structure significantly.