Key Event and Approval
The Board of Directors of the company, at a meeting held on Monday, 25th May, 2026, approved the allotment of 1,13,300 equity shares of face value ₹10 each. The shares were allotted at an issue price of ₹40 per share (₹10 face value + ₹30 premium).
This allotment was made upon the exercise of conversion options by warrant holders (non-promoter category) who had paid ₹30 per warrant, representing the remaining 75% of the issue price.
Background and Regulatory Context
The warrants were originally allotted on a preferential basis on 27th November, 2024. This was pursuant to a special resolution passed by shareholders at the Annual General Meeting held on 05th August, 2024. The company had received in-principle approval for this preferential issue from BSE Limited vide their letter no. LOD/PREF/TT/FIP/13171/2024-25 dated 14th November, 2024.
The current disclosure is also made with reference to the SEBI Master Circular No. HO/49/91/(7)/2025-CFD-POD-2/1/3762/2026 dated January 30, 2026.
Allotment Details
- Type of Securities Issued: Equity Shares
- Source of Issuance: Conversion of warrants
- Type of Issuance: Preferential issue to non-promoters
- Total Number of Equity Shares Allotted: 1,13,300
- Number of Investors: 2
List of Allottees
| Sr. No. | Name of the Allottee | No. of Equity Shares Allotted |
| 1. | Sri Harsha Soma | 80,000 |
| 2. | Sailaja Arun Kumar | 33,300 |
Financial and Capital Impact
- The company received ₹33,99,000.00 (Rupees Thirty-Three Lakh Ninety-Nine Thousand Only) upon this allotment, which is the remaining 75% of the issue price for 1,13,300 shares.
- Consequently, the paid-up equity capital of the company has increased from ₹43,68,56,320.00 (consisting of 4,36,85,632 equity shares) to ₹43,79,89,320.00 (consisting of 4,37,98,932 equity shares).
Meeting Details
The Board meeting wherein the allotment was approved commenced at 05:00 P.M. and concluded at 05:30 P.M. on 25th May, 2026.