Nature of the Event

This is a regulatory filing pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notifying the stock exchange of an upcoming Extraordinary General Meeting (EGM) and seeking shareholder approval for a preferential issue of equity shares.

Key Resolution: Preferential Allotment of Equity Shares

A special resolution is proposed to be passed at the EGM to issue and allot up to 24,10,431 (Twenty-Four Lakh Ten Thousand Four Hundred and Thirty-One) Equity Shares on a preferential basis.

Key Quantitative Figures

  • Total Issue Size: 24,10,431 equity shares
  • Face Value: ₹10 per share
  • Issue Price: ₹115 per share (comprising a premium of ₹105 per share)
  • Total Proceeds: ₹27,71,99,565 (Rupees Twenty-Seven Crore Seventy-One Lakh Ninety-Nine Thousand Five Hundred and Sixty-Five Only)

Pricing and Relevant Date

  • The Relevant Date for pricing, as per Regulation 161 of SEBI (ICDR) Regulations, 2018, is fixed as Wednesday, 01st July, 2026.
  • The floor price was calculated as per SEBI ICDR Regulations:
  • 90-day VWAP: ₹75.60
  • 10-day VWAP: ₹69.79
  • The final issue price of ₹115 is also supported by a valuation report dated 02nd July, 2026, issued by Ms. Amninder Kaur, a Registered Valuer (IBBI Registration No. IBBI/RV/03/2021/14025), as required by Regulation 166A since the allotment is more than 5% of the post-issue capital.

List of Allottees

The equity shares are proposed to be allotted to the following 15 non-promoter entities/individuals:

| Sr. No | Name of Proposed Allottee | No. of Equity Shares | Ultimate Beneficial Owner(s) |

| 1 | Vijay Rathee | 13,17,391 | Vijay Rathee |

| 2 | Vijaylaxmi Infra Projects Private Limited | 7,82,608 | Kuldip Singh Rathee, Vijay Rathee, Aman Rathee, Prashant Rathee |

| 3 | Swapneel Pradeep Rane | 21,739 | Swapneel Pradeep Rane |

| 4 | Jayaram Chitturi | 21,739 | Jayaram Chitturi |

| 5 | Vashi Neha Parimal | 17,391 | Vashi Neha Parimal |

| 6 | Padamavathi Chitturi | 21,739 | Padamavathi Chitturi |

| 7 | Harshad Santosh Talreja | 5,217 | Harshad Santosh Talreja |

| 8 | Shreevardhan Nitin Tupe | 86,956 | Shreevardhan Nitin Tupe |

| 9 | Sumit Shrichand Krishnani | 21,739 | Sumit Shrichand Krishnani |

| 10 | Yashvardhan Nitin Tupe | 21,739 | Yashvardhan Nitin Tupe |

| 11 | Riya Kishor Rajani | 5,217 | Riya Kishor Rajani |

| 12 | Neelam Kohli | 21,739 | Neelam Kohli |

| 13 | Vijay Boloor | 21,739 | Vijay Boloor |

| 14 | Kunal Jeswani | 21,739 | Kunal Jeswani |

| 15 | Jitender N. Kewalramani | 21,739 | Jitender N. Kewalramani |

| | Total | 24,10,431 | |

Objects of the Issue

The proceeds from the issue, aggregating ₹27.72 crore, are proposed to be utilized as follows:

  • Funding incremental working capital requirements: ₹19.22 Crore (to be utilized within 1 year)
  • Repayment/prepayment of borrowings: ₹2.00 Crore (to be utilized within 1 year)
  • Funding capital expenditure for machinery: ₹2.00 Crore (to be utilized within 1 year)
  • General Corporate Purpose and issue expenses: ₹4.50 Crore (to be utilized within 1 year)

Until utilized, the funds will be kept in scheduled commercial banks. The company notes these are management estimates and not appraised by an external agency.

Capital Structure Impact

  • Current Paid-up Equity Share Capital (as of 26.06.2026): 85,12,360 shares
  • Post-Issue Paid-up Equity Share Capital: 1,09,22,791 shares
  • Promoter Holding Dilution: Promoter holding will reduce from 50.66% to 39.48% post-allotment.
  • Change in Control: The disclosure explicitly states the issue will not result in any change in the management or control of the company.
  • The new shares will rank pari-passu with existing equity shares.

Lock-in and Allotment Timeline

  • The allotted shares will be subject to a lock-in period as prescribed under Regulation 167 of the SEBI (ICDR) Regulations, 2018.
  • The allotment must be completed within 15 days from the date of passing the special resolution, or within 15 days of receiving any pending regulatory approvals.

EGM and Voting Details

  • EGM Date: Friday, 31st July, 2026, at 12:30 PM IST.
  • EGM Mode: To be held through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
  • Cut-off/Record Date for determining voting eligibility: Friday, 24th July, 2026.
  • Remote e-Voting Period: Begins on Tuesday, 28th July, 2026, at 09:00 AM and ends on Thursday, 30th July, 2026, at 05:00 PM. The facility is provided by NSDL.
  • Scrutinizer: M/s Pragya & Associates, Company Secretaries, Indore, has been appointed to scrutinize the e-voting process.

Other Disclosures

  • The company provides an undertaking to recompute the price if required by SEBI regulations and to keep shares locked-in until any differential amount is paid.
  • It is declared that neither the company nor its promoters/directors are wilful defaulters, fraudulent borrowers, or fugitive economic offenders.
  • A certificate from the Practicing Company Secretary, M/s. Pragya & Associates, confirming compliance with SEBI ICDR Regulations will be made available.
  • Except for Mr. Yashvardhan Nitin Tupe (a Non-Executive Director), no other promoters, directors, or KMPs are participating in the issue.

#Tags: #AsstonPharmaceuticals #PreferentialIssue #SEBIDisclosure #Fundraising #EGMNotice