Key Quantitative Figures

  • FCCBs Converted: 100 bonds of principal value USD 1,00,000 each
  • Total Principal Value Converted: USD 10,000,000 (Ten Million United States Dollars)
  • Exchange Rate: INR 95.7258 per USD as on August 24, 2026
  • Equity Shares Allotted: 26,59,05,000 fully paid-up equity shares
  • Face Value: INR 1/- per share
  • Conversion Price: INR 3.60 per equity share

Dates of Action

  • Conversion Notice Date: Received on August 25, 2026 (implied)
  • Board Approval Date: August 25, 2026
  • Board Meeting Timing: Commenced at 1:00 p.m., concluded at 1:20 p.m.

Parties Involved

Allottees (Non-resident entities):

  • M/s. Wave Capital Limited: 40 FCCBs converted to 10,63,62,000 equity shares
  • M/s Emerging Market Opportunities Ltd: 30 FCCBs converted to 7,97,71,500 equity shares
  • M/s Global Focus Fund: 30 FCCBs converted to 7,97,71,500 equity shares

Capital Structure Impact

Post-Allotment Capital Structure:

  • Paid-up equity share capital increased to INR 169,58,95,798
  • Divided into 169,58,95,798 fully paid-up equity shares of INR 1/- each

Outstanding FCCBs

  • 900 FCCBs of Principal amount USD 1,00,000 each remain outstanding
  • These are listed at Afrinex Exchange (AFRINEX Securities List, Republic of Mauritius)