Summary of Key Information:

Nature of Filing / Announcement: Outcome of Board Meeting - Preferential Issue and AGM Notice

Corporate Actions:

Preferential Issue of Warrants:

  • Approval for issue of 60,82,600 (Sixty Lakh Eighty-two Thousand and Six Hundred) warrants
  • Each warrant convertible into 1 fully paid-up equity share of face value ₹10 each
  • Issue price: ₹475 per warrant (including premium of ₹465)
  • Aggregate amount: ₹288,92,35,000 (Rupees Two Hundred Eighty-Eight Crore Ninety-Two Lakhs and Thirty-Five Thousand Only)
  • Investors: Manishkumar Kiri, Anupama Manishkumar Kiri, Hemil Manishkumar Kiri (Promoter and Promoter Group)
  • Post-issue dilution: 4.98% of post-issue paid-up equity share capital on fully diluted basis
  • Conversion period: 18 months from date of allotment, exercisable in one or more tranches
  • Subject to regulatory/statutory approvals and shareholder approval

Annual General Meeting:

  • AGM convened on Tuesday, September 29, 2026, at 11:00 A.M.
  • Meeting to be conducted through video conferencing or other audio-visual means

Other Significant Information:

  • The warrant issue is being made in accordance with Chapter V of SEBI ICDR Regulations, 2018
  • Compliance with Companies Act, 2013 and rules made thereunder