Key Quantitative Figures

  • Allotment of 10,77,105 (Ten Lakh Seventy-Seven Thousand One Hundred Five) Equity Shares
  • Face value: ₹10 per share
  • Issue price: ₹350 per share (conversion price for warrants)
  • Total value of conversion: ₹37,69,86,750 (10,77,105 shares × ₹350)
  • Post-allotment paid-up equity share capital: ₹31,24,85,050.00
  • Post-allotment total equity shares: 3,12,48,505 Equity Shares of ₹10 each

Dates of Action

  • Committee meeting date: July 27, 2026 (Monday)
  • Meeting commencement time: 03:35 P.M.
  • Meeting conclusion time: 03:45 P.M.
  • Warrant allotment date: September 18, 2025
  • Disclosure date: July 27, 2026

Parties Involved

Allottees:

1. Gopal Gupta (Promoter category) - 8,00,000 equity shares

2. Gunjan Agarwal (Non-Promoter category) - 2,58,057 equity shares

3. Riddhi Abhinav Chedda (Non-Promoter category) - 19,048 equity shares

Company Officials:

  • Aditi Anup Deshmukh, Company Secretary & Compliance Officer

Regulatory Body:

  • BSE Limited (addressed in the communication)

Purpose and Rationale

Conversion of 10,77,105 Fully Convertible Warrants that were allotted on September 18, 2025, through preferential allotment on a private placement basis.

Capital Structure Impact

  • Preferential allotment resulting in issuance of 10,77,105 new equity shares
  • Increase in paid-up capital from previous undisclosed amount to ₹31,24,85,050.00
  • Increase in total outstanding shares to 3,12,48,505 equity shares
  • Promoter holding increased by 8,00,000 shares through Gopal Gupta's allotment

Meeting Details

  • Conducted by: Preferential Issue Committee of the Board of Directors
  • Duration: 10 minutes (03:35 P.M. to 03:45 P.M.)