Key Quantitative Figures
- Allotment of 33,00,000 equity shares of face value ₹10 each
- Issue price: ₹10 per equity share
- Total issue amount: ₹3,30,00,000 (Three Crores Thirty Lakh Only)
- Post-allotment paid-up equity share capital: 2,21,80,000 equity shares of ₹10 each
Dates of Action
- Board meeting held on 24th June, 2026 from 6:00 PM to 6:30 PM
- BSE in-principle approval received via letter dated June 12, 2026 (Ref: LOD/PREF/MV/FIP/373/2026-27)
- Transaction dates in bank statement: 24-Jun-2026
Parties Involved
Investors and Their Allotments:
- Manoj Jain: 9,50,000 shares (₹95,00,000)
- Chirag Shantilal Shah (HUF): 10,00,000 shares (₹1,00,00,000)
- Latika Jain: 2,00,000 shares (₹20,00,000)
- Kamal M Bolia: 5,00,000 shares (₹50,00,000)
- Dharmesh Solanki: 3,50,000 shares (₹35,00,000)
- Pankaj J. Shah: 3,00,000 shares (₹30,00,000)
Total: 6 investors comprising both promoter and non-promoter categories
Capital Structure Impact
- Pre-allotment share capital not explicitly stated
- Post-allotment share capital: 2,21,80,000 equity shares of ₹10 each
- The newly allotted shares shall rank pari-passu in all respects with existing equity shares
Bank Transaction Details (24-Jun-2026)
The company received the following payments:
- ₹20,00,000 from Latika Jain (RTGS-UTIBR72026062400578532)
- ₹30,00,000 from unspecified source (BIL/INFT/FFS4185664)
- ₹95,00,000 from Manoj Jain (RTGS-UTIBR72026062400552818)
- ₹30,00,000 from Pankaj Jayan (RTGS-HDFCR52026062474829069)
- ₹50,00,000 from unspecified source (BIL/INFT/FFS4162271)
- ₹1,00,00,000 from Chirag Shantilal (RTGS-BKIDR52026062400332135)
- ₹28,00,000 from Vinod Harmukhrai Beriwal (transfer)
- ₹25,00,000 from Umesh Kumar Jain (transfer)
Additional Information
- This represents a phased allotment as part of a larger approved issue of up to 2,03,50,000 equity shares
- The company will apply for listing and trading approval from stock exchanges in due course
- The allotment was approved by the Board of Directors at their meeting