Transaction Details
The company allotted 2,22,40,000 warrants on a preferential basis to three members of the promoter group:
- Ms. Thea Richard Theknath
- Mr. Tyrus Richard Theknath
- Ms. Tyra Richard Theknath
Each warrant was issued at a price of ₹18 and is convertible into one fully paid-up equity share of face value ₹5 each. The allotment was approved by the Board of Directors on June 05, 2026.
Capital Structure Impact
Pre-allotment equity share capital: ₹23,20,18,920 (4,64,03,784 equity shares of ₹5 each)
Post-allotment equity share capital: Remains unchanged at ₹23,20,18,920 (4,64,03,784 equity shares) as warrants do not carry voting rights until conversion.
Total diluted share capital post-allotment: ₹41,91,57,390 (8,38,31,478 equity shares of ₹5 each assuming full conversion of all outstanding warrants, including the newly allotted 2,22,40,000 warrants and existing warrants totaling 3,74,27,694).
Promoter Holding Changes
Before the acquisition:
The promoter group collectively held 2,36,26,488 equity shares (50.92% of total share capital and 50.92% of diluted share capital). Key holdings included:
- Richard Francis Theknath: 1,08,48,452 shares (23.38%)
- Dax Francis Theknath: 96,18,000 shares (20.73%), of which 61,80,000 shares are pledged
- Agnes Francis Theknath: 31,60,000 shares (6.81%)
- Other family members held nominal shares (0.00%)
The three allottees (Tyra, Thea, and Tyrus Richard Theknath) held zero shares prior to this allotment.
After the acquisition (on fully diluted basis):
Assuming full conversion of all warrants, the promoter group holding will increase to 56.05% of the diluted share capital.
Additional Information
The disclosure was signed by Anmol Ashvin Patni, Company Secretary & Compliance Officer, and submitted to both National Stock Exchange of India Limited and BSE Limited.