Board Approval
The Board of Directors of the Company approved the allotment through Circular Resolution dated Tuesday, 11th August, 2026.
Transaction Details
The company allotted 23,00,000 (Twenty Three Lakhs) Equity Shares having face value of Re. 1/- each at an issue price of Rs. 23.40/- (Rupees Twenty Three and Forty Paise Only). This includes a premium of Rs. 22.40 per share. The shares are fully paid up.
Conversion Mechanism
The allotment was made upon exercising the option available with the Share Warrant Holder (person belonging to Promoter Category) to convert 23,00,000 (Twenty Three Lakhs) Convertible Warrants.
Financial Consideration
The allotment was made for cash, upon receipt of the remaining exercise price of Rs. 17.55/- per warrant. This amount represents 75% of the Warrant exercise price of Rs. 23.40/- per warrant. The total consideration received aggregates to Rs. 4,03,65,000/- (Rupees Four Crores Three Lakhs Sixty Five Thousand Only).
Allottee Details
| S.No | Name of the Allottee | Category | No. of Warrants Converted | Total Consideration Received (75%)( Rs.) |
| 1 | Mr. Shankar Varadharajan | Promoter | 23,00,000 | 4,03,65,000 |
| | | Total | 23,00,000 | 4,03,65,000 |
Capital Structure Impact
The conversion resulted in the issuance of 23,00,000 new equity shares to a promoter entity, increasing the company's paid-up share capital. The disclosure does not specify the pre- and post-allotment share capital figures.
Cash Flow Implications
The transaction generated a cash inflow of Rs. 4,03,65,000 to the company from the promoter entity.