Date: 17th June 2026
Board Meeting Outcomes
- The Securities Allotment Committee of Board of Directors approved allotment of 87,65,615 Equity Shares of Re. 1/- each upon conversion/exchange of warrants
- Approval granted on 17th June 2026
- The new equity shares shall rank pari passu with existing equity shares
Fundraising / Financing
- Total warrant exercise price received: ₹74,94,60,082.50 (Rupees Seventy Four Crores Ninety Four Lakhs Sixty Thousand Eighty Two Rupees and Fifty Paise Only)
- Issue price per warrant: ₹114.00
- Conversion price per share: ₹85.50 (75% of the issue price per warrant)
- Total warrants originally allotted: 3,80,67,058 (Three Crores Eighty Lakhs Sixty Seven Thousand and Fifty Eight) on 2nd June 2025
- Number of warrants converted in this tranche: 87,65,615
- Total warrants converted to date: 3,59,23,963
- Remaining warrants: 21,43,095 (subject to potential lapse if not exercised within 13 months from allotment date)
Capital Structure Change
- Pre-allotment paid-up capital: ₹36,06,90,802/- consisting of 36,06,90,802 equity shares
- Post-allotment paid-up capital: ₹36,94,56,417/- consisting of 36,94,56,417 equity shares
- Capital increase: ₹87,65,615
Allottee Details
| Sl No | Name | Warrants Allotted | Warrants Converted | Conversion Price (₹) |
| 1 | Lata Dhiraj Shah | 20,000 | 20,000 | 85.50 |
| 2 | Srinivasa Reddy Akuri | 5,00,000 | 5,00,000 | 85.50 |
| 3 | Ebisu Global Opportunities Fund Limited | 82,45,615 | 82,45,615 | 85.50 |
| Total | | 87,65,615 | 87,65,615 | |
Warrant Terms
- Warrants convertible into one equity share of face value of Re. 1/- each
- Exercise period: 13 months from date of allotment (2nd June 2025)
- Unexercised warrants shall lapse after 13 months
- Amount paid on lapsed warrants shall stand forfeited by the Company