Key Quantitative Figures
- Total shares allotted in second tranche: 5,11,00,000 equity shares
- Face value per share: ₹2.00
- Issue price per share: ₹2.50
- Total amount raised in second tranche: ₹12,77,50,000
- Premium per share: ₹0.50
- Total shares approved for issuance: 8,00,00,000 equity shares
- Shares allotted in first tranche (September 7, 2026): 2,89,00,000 equity shares
- Total amount raised across both tranches: ₹19,78,00,000 (2,89,00,000 shares × ₹2.50 = ₹7,22,50,000 + 5,11,00,000 shares × ₹2.50 = ₹12,77,50,000)
Allottee Details
1. Manoj Agrawal
- Tranche I allotment: 1,11,00,000 shares
- Tranche II allotment: 2,00,00,000 shares
- Total post-allotment holding: 3,11,00,000 shares (21.42%)
- Current status: Public
2. Amit Kumar Saraogi
- Tranche I allotment: Nil
- Tranche II allotment: 3,11,00,000 shares
- Total post-allotment holding: 3,11,00,000 shares (21.42%)
- Current status: Public
Shareholding Impact
- Combined post-allotment holding of both allottees: 6,22,00,000 shares (42.84%)
- The allottees' status will be reclassified from Public to Promoters upon completion of the open offer process under SEBI Takeover Regulations
Regulatory Approvals and Timeline
- BSE in-principle approval received: July 30, 2026 (Letter no LOD/PREF/SS/FIP/589/2026-27)
- RBI approval for change in control and management received: August 31, 2026 (DEL.DOR.NBFCCBL.No.S761/24-03-461/2026-2027)
- Board meeting date: September 14, 2026
- Meeting timing: 12:00 PM to 1:00 PM
Additional Information
- The allotted shares will rank pari-passu with existing equity shares of the company
- Application for listing approval will be made to the stock exchange in due course
- The company is currently undergoing an open offer process under SEBI Takeover Regulations, 2011
- Disclosure made pursuant to SEBI Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026