Board Approval and Transaction Details
The Board of Directors of the Company approved via Circular Resolution dated August 17, 2026 the allotment of 4,54,210 (Four Lakhs Fifty Four Thousand and Two Hundred and Ten) Equity Shares with a face value of ₹1 each at an issue price of ₹23.40 per share (including a premium of ₹22.40 per share).
The allotment was made upon exercise of conversion option by the Share Warrant Holder (person belonging to Promoter Category) for 4,54,210 warrants. The allotment was made for cash upon receipt of the remaining exercise price of ₹17.55 per warrant (equivalent to 75% of the warrant exercise price of ₹23.40 per warrant).
Financial Details
- Total consideration received: ₹79,71,385.50 (Rupees Seventy Nine Lakhs Seventy One Thousand Three Hundred and Eighty Five and Fifty Paise)
- Total warrants converted: 4,54,210
- Issue price per share: ₹23.40
- Face value per share: ₹1.00
- Premium per share: ₹22.40
Allottee Information
| S.No | Name of Allottee | Category | No. of Warrants Converted | Consideration Received (75%)(₹) |
| 1 | FMV Holdings Pte Ltd | Promoter | 4,54,210 | 79,71,385.50 |
| | | Total | 4,54,210 | 79,71,385.50 |
Capital Structure Impact
The conversion resulted in the issuance of 4,54,210 new equity shares to a promoter entity, increasing the company's share capital while maintaining promoter holding percentage through the conversion process.