Key Quantitative Figures

The Committee approved the allotment of 3,80,711 (Three Lakhs Eighty Thousand Seven Hundred and Eleven) warrants. Each warrant is convertible into one fully paid-up equity share of face value ₹10. The warrant issue price is ₹394 per warrant, resulting in a total issue size of ₹15,00,00,134 (Fifteen Crore One Hundred and Thirty Four Rupees). The company has received an upfront payment of ₹3,75,00,033.50 (Three Crores Seventy Five Lakhs Thirty Three and Fifty Paisa), which represents 25% of the total issue size as per SEBI ICDR Regulations.

Dates of Action and Approvals

The Board of Directors approved the issuance on July 20, 2026. Shareholders approved the issuance via special resolution passed at an Extra Ordinary General Meeting held on August 17, 2026. BSE Limited granted in-principle approval on August 25, 2026. The Securities Allotment Committee meeting was held on September 04, 2026, from 12:00 p.m. to 12:30 p.m. IST.

Parties Involved

The warrants were allotted to the following four individuals:

  • Amer Aasif Khan: 2,29,916 warrants, subscription price ₹2,26,46,726.00, exercise price ₹6,79,40,178.00, total ₹9,05,86,904.00
  • Hemant Mohan Anavkar: 47,239 warrants, subscription price ₹46,53,041.50, exercise price ₹1,39,59,124.50, total ₹1,86,12,166.00
  • Manisha Hemant Anavkar: 47,239 warrants, subscription price ₹46,53,041.50, exercise price ₹1,39,59,124.50, total ₹1,86,12,166.00
  • Aarif Ahsan Khan: 56,317 warrants, subscription price ₹55,47,224.50, exercise price ₹1,66,41,673.50, total ₹2,21,88,898.00

All proposed allottees accepted the maximum number of warrants offered to them in their entirety.

Capital Structure Impact

There is no change in the paid-up equity share capital of the company upon allotment of these convertible warrants. The equity share capital will be enhanced only upon conversion of the warrants into equity shares.

Financial Impact

The company has received ₹3,75,00,033.50 as upfront payment. The full financial impact of ₹15,00,00,134 will be realized upon full conversion of all warrants.