Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Outcome of Board Meeting - Conversion of warrants into equity shares

Audit Opinion:

Not Specified

Key Financial Highlights:

Not Specified

Corporate Actions:

  • Conversion of 2,61,503 warrants into 2,61,503 equity shares of face value ₹10 each at a premium of ₹104 per share
  • Total consideration received: ₹2,23,58,504 (75% of issue price per warrant)
  • Issue price per share: ₹114 (₹10 face value + ₹104 premium)
  • Warrants were originally allotted on preferential basis to promoters and non-promoters on January 02, 2025, following shareholder approval in Extra Ordinary General Meeting held on October 06, 2024
  • Post-conversion paid-up equity share capital increased to ₹34,93,13,550 consisting of 3,49,31,355 fully paid-up equity shares of ₹10 each
  • New equity shares rank pari-passu with existing equity shares

Allottee Details:

1. MANU MOHANLAL SHARMA (Public) - 11,988 shares - ₹10,25,000 consideration

2. SILLA YASODHARA (Public) - 51,000 shares - ₹43,60,500 consideration

3. KRUTI VINIT RAWAT (Public) - 25,000 shares - ₹21,37,500 consideration

4. SUMITRA KHINWSARA (Public) - 51,000 shares - ₹43,60,500 consideration

5. DEEPAK SHESHRAO PATIL (Public) - 5,848 shares - ₹5,00,004 consideration

6. HARSHIT DINESH DHANAK (Public) - 1,00,000 shares - ₹85,50,000 consideration

7. DIVIJ MANGLANI (Public) - 16,667 shares - ₹14,25,000 consideration

Total: 2,61,503 equity shares for ₹2,23,58,504 consideration (all cash payments)

Capital Structure Change:

  • Existing Share Capital: 3,49,31,355 equity shares aggregating ₹34,93,13,550
  • Equity Share Capital added upon conversion: 2,61,503 equity shares aggregating ₹26,15,030
  • Total Post-Allotment Capital: ₹34,93,13,550 consisting of 3,49,31,355 equity shares

Conversion Mechanism:

  • 25% of Warrant Issue Price received at time of original warrant allotment
  • Balance 75% of warrant issue price (₹85.50 per warrant) received at time of conversion
  • Only 7 out of 45 original allottees exercised conversion option in this round