Date: August 12, 2026
Board Meeting Outcomes
The Board of Directors of Fischer Medical Ventures Limited, through Circular Resolution dated August 12, 2026, approved the allotment of 66,31,664 (Sixty Six Lakhs Thirty One Thousand Six Hundred and Sixty Four) Equity Shares of face value ₹1 each at an issue price of ₹23.40 per share (including a premium of ₹22.40 per share).
The shares were allotted upon exercise of conversion option by Share Warrant Holder(s) belonging to Promoter Category for 66,31,664 Convertible Warrants.
Fundraising / Financing Details
- Total shares allotted: 66,31,664 equity shares
- Issue price per share: ₹23.40 (₹1 face value + ₹22.40 premium)
- Consideration received: ₹11,63,85,703 (Eleven Crore Sixty Three Lakhs Eighty Five Thousand Seven Hundred and Three)
- This represents 75% of the total warrant exercise price (₹17.55 per warrant out of total ₹23.40 per warrant)
- Allotment made for cash upon receipt of remaining exercise price
Allottee Details
| Name of Allottee | Category | Number of Warrants Converted | Consideration Received (75%) |
| Mr. Shankar Varadharajan | Promoter | 12,00,000 | ₹2,10,60,000 |
| FMV Holdings Pte Ltd | Promoter | 54,31,664 | ₹9,53,25,703 |
| Total | | 66,31,664 | ₹11,63,85,703 |