Key Quantitative Figures
- Total warrants originally allotted: 1,000,000 (Ten Lakhs)
- Issue price per warrant: ₹66 (₹10 face value + ₹56 premium)
- Total issue value: ₹6,60,00,000 (Six Crore Sixty Lakhs)
- Upfront subscription amount received (25%): ₹1,65,00,000 (One Crore Sixty Five Lakhs)
- Amount forfeited: ₹1,65,00,000
- Number of warrants exercised: NIL
- Number of warrants lapsed: 1,000,000 (Ten Lakhs)
Timeline of Events
- Date of allotment: 21 January 2025
- Tenure of warrants: 18 months
- Last date for exercise: 20 July 2026
- Lapse effective date: 21 July 2026
- Previous intimations made on: 19 December 2024 and 21 January 2025
Warrant Holder Details
| Name | PAN | Warrants Allotted/Lapsed | Amount Forfeited (₹) |
| Subhash P. Rathod | AABPR3934R | 500,000 | 82,50,000 |
| Mayank S. Rathod | CFAPR3574M | 250,000 | 41,25,000 |
| Saajan S. Rathod | ALGPR2374F | 250,000 | 41,25,000 |
Financial and Capital Structure Impact
- No change in the paid-up share capital of the company
- The forfeited amount of ₹1,65,00,000 will be retained by the company
- Amount to be accounted for in accordance with applicable accounting standards
Consequences of Lapse
- Warrant holders cease to have any rights or entitlement to seek conversion into equity shares
- Warrants stand cancelled and extinguished
- No further obligation on the company to allot equity shares against these warrants
Additional Information
- This matter will be taken up at the forthcoming Board of Directors meeting
- Necessary resolutions will be passed and intimated to regulatory authorities
- Disclosure signed by Kaushal Shukla, CS & Compliance Officer, on 21 July 2026 at 12:53:28 IST
#Tags: #AjconGlobal #WarrantLapse #SEBIDisclosure #RegulatoryCompliance #CapitalMarkets #Neutral