Nature of Disclosure: Regulatory filing pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the outcome of the Preferential Allotment Committee meeting.
Key Action: The Preferential Allotment Committee meeting held on July 21, 2026, approved the allotment of equity shares through conversion of convertible warrants.
Quantitative Details:
- Allotment of 8,81,000 equity shares with face value of ₹10 each
- Issue price: ₹315 per share (₹10 face value + ₹305 premium)
- Total consideration received: ₹20,81,36,250 (representing 75% of warrant exercise price)
- Conversion ratio: 1 equity share for every 1 warrant exercised
Investor Details (Non-Promoter Category):
1. Sharda Subhashchandra Bhat - 1,75,000 shares - ₹4,13,43,750
2. Hitesh Natwarlal Kawa - 3,06,000 shares - ₹7,22,92,500
3. Kaushik Hasmukhlal Gandhi - 2,00,000 shares - ₹4,72,50,000
4. Nimesh Sahadeo Singh - 1,00,000 shares - ₹2,36,25,000
5. Varshit Janak Shah - 50,000 shares - ₹1,18,12,500
6. Mohammed Irfan Mohammed Iqbal Kachalia - 50,000 shares - ₹1,18,12,500
Meeting Details:
- Date: July 21, 2026
- Time: 5:30 PM to 6:30 PM
- Location: Unit No. 134 & 146, 1st Floor, Andheri Industrial Estate, Plot No. 22, Veera Desai Road, Andheri West, Mumbai, Maharashtra, 400053
Regulatory Compliance:
- Filed under Regulation 30 of SEBI Listing Regulations
- References SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015
- References SEBI Circular SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023
- Requires filing Return of Allotment with Registrar of Companies in prescribed Form under Section 39 of Companies Act, 2013
Authorization: Directors/MD/Company Secretary authorized to:
- Sign and submit all required documents, forms, and applications
- Arrange listing and trading permission with stock exchanges
- Facilitate admission of equity shares with NSDL/CDSL
- Implement lock-in requirements as per SEBI preferential issue guidelines
- Credit shares directly to investors' demat accounts
Additional Information: The disclosure is also available on the company website: https://exhiconevents.in/