Summary of Key Information:
Reporting Period (Quarter/Year): Not Applicable
Nature of Filing / Announcement: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome of Board Meeting
Key Financial Highlights:
The Board approved the forfeiture of the initial subscription amount received against convertible warrants, aggregating to ₹37,50,00,000/- (Rupees Thirty-Seven Crore Fifty Lakh only). This amount represents 25% of the warrant issue price.
Corporate Actions:
1. Noted the lapse of 23,43,750 (Twenty-Three Lakh Forty-Three Thousand Seven Hundred and Fifty) convertible warrants allotted on December 27, 2024, upon expiry of the stipulated exercise period of 18 months on June 26, 2026.
2. Approved forfeiture of the initial subscription amount of ₹37,50,00,000 in accordance with the terms and conditions of issue of the warrants and Regulation 169(3) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Warrant Holder Details:
The following warrant holders failed to exercise conversion rights within the 18-month period:
- Sapphire Capital Partners - 1,25,000 warrants
- Dinesh Oswal - 45,313 warrants
- Nahar Capital And Financial Services Ltd - 45,313 warrants
- Ba Investment - 37,250 warrants
- Jyoti Jitendra Mehta - 15,625 warrants
- Surbhi Investment and Trading Co Pvt Ltd - 1,09,375 warrants
- Eva Amar Vaidya - 78,125 warrants
- Ushma Devan Mehta - 1,40,625 warrants
- Krone Finstock Pvt Ltd - 3,12,500 warrants
- Sunshare E commerce Group Limited - 8,59,375 warrants
- Vimal Kumar - 1,71,875 warrants
- Vikas Sohanlal Jain - 20,000 warrants
- Surendra Sai Nallamalli - 20,000 warrants
- Visaria Family Trust - 1,25,000 warrants
- Unico Global opportunities Fund Limited - 62,500 warrants
- Nagdevi Trading and Investment Co Ltd - 90,625 warrants
- Suryadevara bala Venkata Rama Prasad - 91,249 warrants
Total warrants lapsed: 23,43,750
Other Significant Information:
The disclosure is available on the Company's website at www.bestagrolife.com.