Date: 23rd June, 2026

Board Meeting Outcomes

  • The Securities Allotment Committee of Board of Directors approved the allotment of 21,43,095 Equity Shares of Re. 1/- each upon conversion/exchange of warrants on 23rd June 2026
  • This was pursuant to receipt of Warrant Exercise Price aggregating to Rs. 18,32,34,622.5 and duly signed application forms from the warrant holders

Financial Results

  • The issued and paid up capital of the Company increased from Rs. 36,94,56,417 to Rs. 37,15,99,512
  • The capital now consists of 37,15,99,512 equity shares of Re. 1/- each

Warrant Conversion Details

  • Total warrants originally allotted: 3,80,67,058 warrants (as of 2nd June 2025 intimation)
  • Warrants converted in this allotment: 21,43,095 warrants
  • Warrant exercise price: Rs. 85.50 per warrant (75% of the issue price of Rs. 114.00 per warrant)
  • Total warrant exercise amount received: Rs. 18,32,34,622.5
  • All warrants have now been converted into equity shares

Allottee Details

  • Reena Karwa: 15,00,000 equity shares allotted
  • Superstar Investments Private Limited: 1,03,095 equity shares allotted
  • Trikaya Wealth Advisors Pvt Ltd: 5,40,000 equity shares allotted
  • Total number of investors: 3

Share Characteristics

  • The new equity shares shall rank pari passu with the existing equity shares of the Company