Shareholders approved issuance of 45,00,000 warrants at ₹20 each (face value ₹10) to Mrs. Deepa Kishor Tracy, Promoter and Managing Director, for aggregate consideration of ₹9,00,00,000
Special resolution passed on February 27, 2026
BSE Limited granted in-principle approval on March 24, 2026
Private placement offer cum application letters (Form PAS-4) issued on March 25, 2026
50% of issue price (₹4,50,00,000) received at time of application
Warrant Conversion and Allotment
Company converted 15,00,000 warrants into 15,00,000 equity shares of face value ₹10 each, issued at ₹20 each (including premium of ₹10 each)
Allotment made to Mrs. Deepa Kishor Tracy on preferential basis through private placement
Balance consideration of ₹10 per warrant (₹1,50,00,000 total) received on September 24, 2026
Funds received in company's bank account with ICICI Bank, Lokhandwala Complex Branch, Andheri (West), Mumbai, Maharashtra
Fund Utilization
Upfront money of ₹1,50,00,000 (50% of issue price on 15,00,000 warrants) utilized for General Corporate Purposes (meeting routine corporate overheads, contingencies and administrative expenses)
Balance amount of ₹1,50,00,000 received on September 24, 2026 utilized for General Corporate Purposes (meeting routine corporate overheads, contingencies and administrative expenses)
Total funds raised through this preferential issue: ₹9,00,00,000
Total funds utilized in reported quarter: ₹1,50,00,000 from warrant conversion
Capital Structure Impact
Issuance of 15,00,000 equity shares of ₹10 each at ₹20 per share
Total consideration received: ₹3,00,00,000 (₹1,50,00,000 upfront + ₹1,50,00,000 balance)
Promoter holding increased through this preferential allotment
Annexure Details
Annexure-I Summary
Mode of Fund Raising: Preferential Issue
Date of Raising Funds: September 24, 2026 (Date of Allotment)
Amount Raised: ₹900.00 lakhs total issue
Quarter-specific amount: ₹150.00 lakhs from conversion of 15,00,000 warrants
Original Object: Business operations of the Company including growth of the asset book through lending
Funds Utilized: ₹150.00 lakhs
Amount of Deviation/Variation: ₹0.00
Annexure-II Summary
Mode of Fund Raising: Preferential Issue (conversion of warrants into equity shares)
Date of Raising Funds: September 24, 2026
Amount Raised: ₹150.00 lakhs
Objects: To augment our capital base; Conversion of warrants into equity shares; General Corporate Purposes
