Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting - Preferential Issue of Equity Shares and Warrants
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
- Approved preferential issue of up to 8,66,434 equity shares of ₹10.00 each at issue price of ₹1,430.00 per share (including premium of ₹1,420.00)
- Total equity consideration: ₹1,23,90,00,620.00 (One Hundred Twenty-Three Crore Ninety Lakh Six Hundred Twenty Only)
- Approved preferential issue of up to 30,35,711 fully convertible equity warrants at ₹1,430.00 per warrant
- Total warrant consideration: ₹4,34,10,66,730.00 (Four Hundred Thirty-Four Crore Ten Lakh Sixty-Six Thousand Seven Hundred Thirty Only)
- Each warrant convertible into 1 equity share within 18 months from allotment date
- Issue price determined as per Chapter V of SEBI (ICDR) Regulations floor price
Other Significant Information:
Post-Issue Shareholding Pattern:
- Pre-issue promoter holding: 74.89% (1,70,95,744 shares)
- Pre-issue public holding: 25.11% (57,32,176 shares)
- Post-issue promoter holding: 66.46% (1,78,02,084 shares)
- Post-issue public holding: 33.54% (89,85,481 shares)
- Calculation includes 57,500 outstanding Employee Stock Options
Investor Details:
- Equity Shares: 54 investors across non-promoter and promoter group categories
- Warrants: 71 investors across non-promoter and promoter group categories
- Total investors: 104 (combined equity and warrants)
Major Equity Investors:
- Rathi Ramkumar Hiralal HUF: 1,86,450 shares (₹26.66 crore)
- Eterna Prima-Scheme I: 69,931 shares (₹10.00 crore)
- Hem Growth Opportunities Fund: 69,931 shares (₹10.00 crore)
- Jyotiprasad Taparia: 46,620 shares (₹6.67 crore)
- Akash Soni: 46,600 shares (₹6.66 crore)
Major Warrant Investors:
- Mukul Mahavir Agrawal: 6,99,500 warrants (₹100.03 crore)
- Shree Jalaram Metals Private Limited: 6,36,500 warrants (₹91.02 crore)
- Motilal Oswal Financial Services Limited: 5,24,450 warrants (₹75.00 crore)
- Convivial Advisors LLP: 3,49,600 warrants (₹49.99 crore)
- Rathi Ramkumar Hiralal HUF: 93,275 warrants (₹13.34 crore)
Meeting Details:
- Commenced: 07:00 p.m.
- Concluded: 08:45 p.m.
- Venue: Corporate Office, 2nd Floor, 1, Dwarkapuri, Gopal Gaushala Colony, Ratlam, Madhya Pradesh – 457 001, India