Key Quantitative Figures

  • Total Funds Raised through Warrant Conversion: ₹15,82,48,350 (75% of warrant issue price of ₹53.25 per warrant)
  • Number of Warrants Converted: 29,71,800 warrants converted into equity shares
  • Number of Equity Shares Allotted: 29,71,800 fully paid-up equity shares of ₹10 each
  • Amount Forfeited from Unexercised Warrants: ₹10,75,72,100 (25% upfront subscription amount of ₹17.75 per warrant for 60,60,400 lapsed warrants)

Dates of Action

  • Warrant Conversion Dates and Details:
  • January 6, 2026: 4,69,400 warrants converted, warrant exercise money received: ₹2,49,95,550
  • January 7, 2026: 6,97,200 warrants converted, warrant exercise money received: ₹3,71,25,900
  • January 21, 2026: 1,00,000 warrants converted, warrant exercise money received: ₹53,25,000
  • January 29, 2026: 8,70,200 warrants converted, warrant exercise money received: ₹4,63,38,150
  • January 30, 2026: 8,35,000 warrants converted, warrant exercise money received: ₹4,44,63,750
  • Board Meeting Date: January 30, 2026 (approved lapse of unexercised warrants)
  • Filing Date: May 26, 2026

Parties Involved

  • Listed Entity: ITCONS e-Solutions Limited (Scrip Code: 543806, Scrip Symbol: ITCONS)
  • Regulatory Authority: BSE Limited, Corporate Relationship Department
  • Company Officials: Pooja Gupta (Company Secretary & Compliance Officer), Gaurav Mittal (Managing Director, DIN: 01205129)
  • Monitoring Agency: Not Applicable

Purpose and Rationale

The filing confirms that there has been no deviation or variation in the utilization of funds raised through the preferential issue of convertible warrants. The funds were utilized exactly as originally intended without any changes requiring shareholder approval.

Financial and Operational Impact

  • Capital Structure Impact: Increase of 29,71,800 equity shares of ₹10 each through warrant conversions
  • Cash Flow Impact: Inflow of ₹15,82,48,350 from warrant exercise payments; inflow of ₹10,75,72,100 from forfeiture of upfront subscription amounts for lapsed warrants
  • Dilution Impact: Not explicitly quantified in the disclosure

Additional Information

  • The Audit Committee has reviewed and confirmed the no-deviation status
  • No change in terms of contract or objects requiring shareholder approval occurred
  • The warrant issue price was ₹71.00 per warrant (₹17.75 upfront + ₹53.25 exercise price)
  • 60,60,400 warrants lapsed after 18 months from allotment date without being exercised