Key Transaction Details

The Board of Directors allotted 23,01,000 (Twenty Three Lakh One Thousand) fully convertible warrants at a price of ₹25 per warrant on a preferential basis to seven non-promoter category investors.

The allotment was made pursuant to:

  • Board resolution dated April 30, 2026
  • Special resolution passed by members at Extra Ordinary General Meeting held on May 30, 2026
  • In-principle approval Letter No. NSE/LIST/55049 from National Stock Exchange of India Limited
  • Letter No. LOD/PREF/GB/FIP/666/2026-27 dated August 14, 2026 from BSE Limited

Financial Details

The company received 25% of the warrant issue price (₹6.25 per warrant) aggregating to ₹1,43,81,250 (Rupees One Crore Forty-three Lakhs Eighty-One Thousand Two Hundred Fifty) as warrant subscription amount.

Conversion Terms

The warrants entitle allottees to seek conversion into equity shares within 18 months from the date of allotment (August 29, 2026). Conversion requires payment of the warrant exercise price of ₹18.75 (75% of warrant issue price). Each warrant converts into one fully paid-up equity share of face value ₹10 each at a price of ₹25 per share (including premium of ₹15 per share). The amount already paid against each warrant will be adjusted against the issue price for the resultant equity share.

Capital Structure Impact

There is no change in the paid-up share capital of the company at this stage. The conversion would occur only upon payment of the balance 75% amount.

Allottee Details

| Allottee Name | Warrants Allotted | Subscription Amount (₹) | Potential Shares on Conversion | Potential Holding %* |

| Purnima Sharma | 10,00,000 | 62,50,000 | 10,00,000 | 7.45% |

| Sunny Bakshi | 5,00,000 | 31,25,000 | 5,00,000 | 3.72% |

| Fresh Impact Labs Private Limited | 4,00,000 | 25,00,000 | 4,00,000 | 2.98% |

| Vinita Gupta | 2,00,000 | 12,50,000 | 2,00,000 | 1.49% |

| Ujjwal Anand | 1,00,000 | 6,25,000 | 1,00,000 | 0.74% |

| Abhijeet Mohan Warang | 96,000 | 6,00,000 | 96,000 | 0.72% |

| Nalin Kant Beura | 5,000 | 31,250 | 5,000 | 0.04% |

*Percentage holding calculated based on assumption that all currently outstanding convertible warrants will be fully converted into equity shares

Non-Conversion Consequences

If warrant holders do not exercise conversion rights within 18 months from the date of allotment, the unexercised warrants shall stand forfeited and the amount paid to the company at the time of subscription shall be forfeited.

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