Key Revisions to EGM Notice
- Ms. Meena Vinod Surana removed from list of proposed allottees due to ineligibility under Regulation 159(1) of SEBI ICDR Regulations
- Number of warrants proposed to be allotted to M/s. Bizotic Industries Private Limited reduced with consent of the entity
- Revised issue size: 1,33,10,400 (One Crore Thirty-Three Lakh Ten Thousand Four Hundred) Convertible Warrants
- Revised aggregate amount: ₹1,46,41,44,000/- (Rupees One Hundred Forty-Six Crore Forty-One Lakh Forty-Four Thousand Only)
Revised Preferential Issue Details
- Instrument: Convertible Warrants, each convertible into one Equity Share of face value ₹10/- each
- Price per Warrant: ₹110/- (including premium of ₹100/- per Warrant)
- Total Warrants: 1,33,10,400
- Total Amount: ₹1,46,41,44,000
- Allottee Categories: Promoter and Promoter Group (59.89%) and Non-Promoter (40.11%)
- Relevant Date for Pricing: Wednesday, 23rd September, 2026 (30 days prior to EGM date)
Revised List of Proposed Allottees
| Sr. No. | Name | Category | No. of Warrants |
| 1 | Bizotic Dynamics Private Limited | Promoter Group | 25,44,000 |
| 2 | Bizotic India Private Limited | Promoter Group | 33,48,000 |
| 3 | Bizotic Industries Private Limited | Promoter Group | 40,96,800 |
| 4 | Deepak Jain & Sons HUF | Non-Promoter | 7,99,200 |
| 5 | I D G Constructions Private Limited | Non-Promoter | 99,600 |
| 6 | S G Import Export Company | Non-Promoter | 99,600 |
| 7 | Aayush Beri | Non-Promoter | 74,400 |
| 8 | Thakor Dhavalji Bhalaji | Non-Promoter | 74,400 |
| 9 | Braso India Private Limited | Non-Promoter | 10,90,800 |
| 10 | Finora Venture Private Limited | Non-Promoter | 6,06,000 |
| 11 | Ikshvaku Clothing Private Limited | Non-Promoter | 4,77,600 |
| Total | | | 1,33,10,400 |
Key Terms and Conditions
- Payment Structure: 25% of issue price payable on allotment of warrants, 75% payable at time of equity share allotment upon conversion
- Conversion Period: 18 months from date of warrant allotment
- Conversion Ratio: 1 Equity Share per Warrant
- Lock-in Period: As specified under SEBI ICDR Regulations, with potential additional lock-in as mutually agreed
- Allotment Timeline: Within 15 days from passing of special resolution (or within 15 days from receipt of last regulatory approval)
- Non-conversion Consequence: Amount paid on outstanding warrants forfeited if not converted within 18 months
- Listing: Equity shares to be listed on BSE where company's shares are currently listed
Shareholding Pattern Impact
Pre-issue (as on 30th September, 2026):
- Total shares: 5,78,52,000
- Promoter & Promoter Group: 74.98% (4,33,77,600 shares)
- Public Shareholding: 25.02% (1,44,74,400 shares)
Post-issue (upon full conversion of all warrants):
- Total shares: 7,11,62,400
- Promoter & Promoter Group: 74.99% (5,33,66,400 shares)
- Public Shareholding: 25.01% (1,77,96,000 shares)
- No change in management or control of the company
Utilization of Proceeds
- Total Amount to be Raised: ₹1,46,41,44,000
- Purpose: Meeting working capital requirements of the company
- Utilization Timeline: Within 12 months from date of receipt of funds against convertible warrants
- Funds Receipt: Expected within 18 months from date of warrant allotment as per SEBI ICDR Regulations
Voting Arrangements
- Revised Voting Period: Saturday, 31st October, 2026 to Monday, 2nd November, 2026 (up to 11:59 PM IST)
- Voting Method: Email platform specifically for Item No. 2
- Vote Revision: Members may revise votes already cast on Item No. 2 during this period
- Result Declaration: On or after close of revised voting facility
- Query Submission: Members may send queries to bizoticind@gmail.com until 2nd November, 2026 (11:59 PM IST)
Additional Information
- Original EGM scheduled for Friday, 23rd October, 2026 at 12:00 PM through Video Conferencing/Other Audio Visual Means
- Corrigendum dated 30th October, 2026 forms integral part of EGM Notice
- Documents available on company website (https://www.bizoticgroup.com/) and BSE website (https://www.bseindia.com/)