Nature of the Event

Intimation of allotment of equity shares pursuant to conversion of warrants by warrant holders, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures

  • Number of warrants converted: 350,000
  • Number of equity shares allotted: 350,000
  • Face value per share: ₹4
  • Exercise price received: ₹4.5 per warrant (75% of warrant issue price)
  • Total amount received: ₹15,75,000 (Rupees Fifteen Lakhs Seventy-Five Thousand Only)
  • Pre-allotment paid-up equity share capital: ₹28,64,66,680 (Twenty-Eight Crore Sixty-Four Lacs Sixty-Six Thousand Six Hundred and Eighty Only)
  • Post-allotment paid-up equity share capital: ₹28,78,66,680 (Twenty-Eight Crore Seventy-Eight Lacs Sixty-Six Thousand Six Hundred and Eighty Only)

Dates of Action

  • Board meeting date: September 04, 2026
  • Warrant allotment date: November 28, 2025

Parties Involved

  • Warrant holders/allottees:
  • Mukesh Rathi (Public category)
  • Navyarth Capital Advisors Private Limited (Public category)
  • Regulatory references: SEBI ICDR Regulations, 2018 and SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Allotment Details

| Allottee | Warrants Held | Warrants Converted | Equity Shares Allotted | Amount Received |

| Mukesh Rathi | 16,00,000 | 1,50,000 | 1,50,000 | ₹6,75,000 |

| Navyarth Capital Advisors Private Limited | 2,00,000 | 2,00,000 | 2,00,000 | ₹9,00,000 |

| Total | 18,00,000 | 3,50,000 | 3,50,000 | ₹15,75,000 |

Financial and Capital Structure Impact

The equity shares allotted on conversion of the warrants shall rank pari-passu in all respects with the existing equity shares of the Company, including dividend entitlements. The paid-up equity share capital has increased by ₹14,00,000 (350,000 shares × ₹4 face value).