Commercial Syn Bags Limited disclosed the outcomes of its 4/2026-27 Board Meeting held on Thursday, 17th September, 2026, which commenced at 10:30 A.M. and concluded at 11:35 A.M. at the company's Registered Office.

The Board approved the allotment of 16,13,000 (Sixteen Lakhs Thirteen Thousand) equity shares of ₹10 each at a premium of ₹62 per share to warrant holders categorized under the promoter and promoter group. This allotment followed the receipt of the balance amount due on 16,13,000 warrants aggregating ₹8,71,02,000 (Eight Crores Seventy One Lakhs Two Thousand) against the option exercised by warrant holders for convertible warrants originally issued on 20th March 2025 on a preferential basis.

Detailed Allotment Breakdown:

  • Pravi Investments LLP (Promoter Group): 6,13,000 shares
  • Shri Mohan Lal Choudhary (Promoter): 2,50,000 shares
  • Shri Anil Choudhary (Promoter): 2,50,000 shares
  • Shri Ravindra Choudhary (Promoter Group): 2,50,000 shares
  • Shri Pramal Choudhary (Promoter Group): 2,50,000 shares

Securities Information:

  • Type of securities issued: Convertible Warrants
  • Type of issuance: Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations
  • Total securities: 16,13,000 Convertible Warrants at ₹72 per Warrant
  • Payment structure: The company received 25% upfront payment of ₹18 per warrant (₹2,90,34,000 total) at issuance, with the remaining 75% balance of ₹54 per share (₹8,71,02,000 total) received by 17th September, 2026

Post-Allotment Holdings:

  • Pravi Investments LLP: 21,97,906 shares
  • Shri Mohan Lal Choudhary: 21,67,000 shares
  • Shri Anil Choudhary: 20,47,825 shares
  • Shri Ravindra Choudhary: 14,03,800 shares
  • Shri Pramal Choudhary: 14,73,100 shares

Conversion Process:

The company received intimation from warrant holders on 14th September, 2026 for conversion of warrants into equity shares, subject to receipt of funds. The remaining 75% balance amount was received on or before 17th September, 2026.

The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and represents the completion of the warrant conversion process initiated in March 2025.