Key Quantitative Figures and Issuance Details

The Board of Directors, in a meeting held on August 07, 2026 (4:30 PM to 7:35 PM), approved the following preferential issuances to non-promoter entities:

1. Compulsorily Convertible Debentures (CCDs):

  • Quantity: 8,57,216 CCDs
  • Aggregate Issue Size: ₹16,44,99,750 (Rupees Sixteen Crore Forty Four Lakh Ninety Nine Thousand Seven Hundred Fifty only)
  • Issue Price: ₹191.90 per CCD
  • Conversion: Each CCD converts into one fully paid equity share of face value Re. 1 within 18 months from allotment.
  • Interest: CCDs will carry an interest rate of 12% per annum, payable annually.
  • Allottees (4 entities): Pooja Unichem LLP (1,04,220 CCDs), Rupal Mukesh Dedhia (7,03,491 CCDs), Sita Reddy S (23,450 CCDs), Alpa Karkhanis (26,055 CCDs).

2. Equity Shares:

  • Quantity: 3,90,827 Equity Shares
  • Aggregate Issue Size: ₹7,49,99,701 (Rupees Seven Crore Forty Nine Lakh Ninety Nine Thousand Seven Hundred One Only)
  • Issue Price: ₹191.90 per share (Face Value: Re. 1; Securities Premium: ₹190.90)
  • Allottees (2 entities): Shila Minda (3,12,662 shares), Shikha Goyal (78,165 shares).

3. Equity Warrants:

  • Quantity: 59,26,196 Warrants
  • Aggregate Issue Size: ₹1,13,72,37,012 (Rupees One Hundred Thirteen Crore Seventy-Two Lakh Thirty Seven Thousand Twelve only)
  • Issue Price: ₹191.90 per warrant
  • Conversion: Each warrant converts into one fully paid equity share of face value Re. 1 within 18 months from allotment.
  • Payment Terms: 25% of the total consideration is payable upfront upon application; the balance 75% is payable upon conversion.
  • Forfeiture: If conversion rights are not exercised within 18 months, the unexercised warrants lapse and the 25% upfront payment is forfeited.
  • Allottees (25 entities), including: Pooja Unichem LLP (4,16,883 warrants), Dinesh Devchand Ghalla (2,08,441 warrants), Rupal Mukesh Dedhia (4,16,883 warrants), Naushad Ahmed (10,00,000 warrants), SB Opportunities Fund I (8,30,700 warrants).

Total Fundraise: The aggregate fundraise across all three instruments is ₹197,67,36,463.

Dates of Action

  • Board Meeting Date: August 07, 2026
  • Relevant Date for Pricing: August 03, 2026
  • EGM Date: An Extraordinary General Meeting (EGM) has been convened for Wednesday, September 02, 2026, at 11:30 AM IST through Video Conferencing/Other Audio-Visual Means to seek shareholder approval.

Parties Involved

The issuances are targeted at entities in the non-promoter category. The annexures provide a detailed list of all proposed allottees for each instrument.

Purpose or Stated Rationale

The purpose is fundraising via a preferential allotment on a private placement basis.

Financial and Capital Structure Impact

  • The post-issue shareholding pattern is provided on a fully diluted basis, assuming full conversion of all CCDs and warrants and full allotment of equity shares.
  • This calculation also includes the conversion of 40,20,000 outstanding employee stock options.
  • The annexures provide a detailed pre and post-allotment shareholding breakdown for each allottee.

Cash Flow Implications

The warrant issuance will result in an immediate inflow of 25% of the total warrant consideration (₹28.43 crore) upon application. The remaining 75% (₹85.29 crore) will be received upon conversion within 18 months. The full amounts for the CCD and equity share issuances will be received upon allotment.

Forward-Looking Statements

The approvals are subject to the approval of shareholders at the EGM and other requisite regulatory/statutory authorities.