Key Quantitative Figures

  • Total Warrants to be issued: 66,00,000 (Sixty-six Lakhs)
  • Warrant Issue Price: ₹117.50 per warrant (₹5 face value + ₹112.50 premium)
  • Total Issue Size: ₹77,55,00,000 (Seventy-seven Crores Fifty-five Lakhs)
  • Upfront Payment (25%): ₹29.38 per warrant
  • Conversion Payment (75%): ₹88.12 per warrant
  • Conversion Period: 18 months from allotment date
  • Floor Price as per SEBI ICDR: ₹117.40 per warrant

Allocation to Allottees

| Allottee Name | Warrants Allocated | Category |

| Mr. Jagdish Prasad Agarwal | 4,50,000 | Non-Promoter/Public |

| Mr. Ankit Agarwal | 4,50,000 | Non-Promoter/Public |

| Mr. Kapil Agarwal | 4,50,000 | Non-Promoter/Public |

| M/s. Silveredge Corporate Services Pvt Ltd | 17,50,000 | Non-Promoter/Public |

| M/s. Sumeru Constructors & Developers Pvt Ltd | 17,50,000 | Non-Promoter/Public |

| M/s. Datavue360 Private Limited | 17,50,000 | Non-Promoter/Public |

Utilization of Proceeds

  • Loan Repayment: ₹35.00 Crore
  • Working Capital Requirement: ₹27.00 Crore
  • General Corporate Purpose: ₹15.55 Crore
  • Total: ₹77.55 Crore

Key Dates

  • Relevant Date for Pricing: Friday, 11th September, 2026 (30 days prior to resolution date)
  • EGM Date: Wednesday, 14th October, 2026 at 10:00 AM IST
  • Remote E-voting Period: 11th October 2026 (9:00 AM) to 13th October 2026 (5:00 PM)
  • Record Date for EGM: Friday, 18th September, 2026
  • Cut-off Date for E-voting: Wednesday, 7th October, 2026

Shareholding Pattern Impact

  • Pre-issue Capital: 2,60,30,108 equity shares
  • Post-issue Capital (fully diluted): 3,56,30,108 equity shares
  • Promoter Holding Change: 39.41% pre-issue to 37.21% post-issue
  • Non-Promoter Holding Change: 60.59% pre-issue to 62.79% post-issue
  • No change in control contemplated due to this issue

Key Terms and Conditions

  • Warrants convertible into equity shares within 18 months of allotment
  • Equity shares will rank pari-passu with existing shares
  • Warrants and resultant shares subject to lock-in as per SEBI ICDR Regulations
  • Allotment to be completed within 15 days of resolution passing
  • Equity shares allotted upon conversion within 15 days of exercise
  • Non-exercise of warrants within 18 months will lead to forfeiture of amount paid

Additional Information

  • The company has maintained minimum 25% public shareholding
  • None of the company, promoters, or directors are wilful defaulters or fugitive economic offenders
  • Certificate from Practicing Company Secretary obtained for compliance with SEBI ICDR Regulations
  • EGM to be held through Video Conferencing/Audio Visual Means due to COVID-19 guidelines
  • NSDL appointed for remote e-voting facility
  • M/s MAS Services Limited appointed as Registrar and Transfer Agent

Voting Information

  • Remote e-voting available from 11th to 13th October 2026
  • E-voting during meeting for those who haven't voted remotely
  • Scrutinizer: Mr. Sameer Kishore Bhatnagar, Practicing Company Secretary
  • Results to be declared within 2 working days of EGM

Documents Available

  • Explanatory Statement
  • Company Secretary certificate on pricing compliance
  • Various statutory registers and documents
  • Available for inspection via email request to Company Secretary