Chatha Foods Limited submitted a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the conversion of warrants into equity shares.

The Board of Directors of the company, via a resolution passed by circulation on June 22, 2026, approved the allotment of 1,03,000 equity shares of face value ₹10 each. This allotment results from the conversion of 1,03,000 warrants at an exercise price of ₹95.25 per warrant, which represents 75% of the original warrant issue price of ₹127 per warrant. The total consideration received for this conversion aggregates to ₹98,10,750.

The conversion follows the company's previous intimation dated February 14, 2025, regarding the allotment of 1,19,000 warrants.

Key Details of Allotment

  • Mr. Gurcharan Singh Gosal (Promoter): Converted all 40,000 held warrants into 40,000 equity shares. Consideration received was ₹38,10,000. His pre-issue holding was 4,139,013 shares (17.18%), which increased to 4,179,013 shares (17.28%) post-allotment.
  • Mr. Iqbal Singh Chatha (Promoter Group): Converted 63,000 of his 79,000 held warrants into 63,000 equity shares. Consideration received for this conversion was ₹60,00,750. His pre-issue holding was 779,838 shares (3.23%), which increased to 842,838 shares (3.48%) post-allotment. He has 16,000 warrants pending conversion.
  • Total Allotment: 1,03,000 equity shares were allotted to 2 investors, raising a total of ₹98,10,750.

Terms and Conditions

The remaining 16,000 warrants held by Mr. Iqbal Singh Chatha are eligible for conversion upon receipt of the requisite exercise consideration of ₹95.25 per warrant. This conversion is subject to compliance with the terms and conditions of the issue and must be completed by the prescribed due date of August 13, 2026.

The disclosure was made in accordance with the updated SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The detailed information has been enclosed as Annexure-A and Annexure-B and is also being uploaded on the company's website at https://www.cfpl.net.in/.

The letter was signed by Priyanka Oberoi, Company Secretary and Compliance Officer, for Chatha Foods Limited.