Key Quantitative Figures

The Board of Directors approved the allotment of 2,00,00,000 (Two Crore) Convertible Warrants at an issue price of Rs. 23.50 per warrant, aggregating to Rs. 47,00,00,000 (Rupees Forty-Seven Crores Only).

Dates of Action

The resolution was passed by circulation by the Board of Directors on September 09, 2026. The approval of members was obtained through a Special Resolution passed via Postal Ballot on July 12, 2026. The allotment date is September 09, 2026.

Parties Involved

The allotment was made to 15 identified persons belonging to the Non-Promoter Category. The allottees are:

  • Mr. Irfan Chapra: 21,75,000 warrants
  • Ms. Reshma Chapra: 21,75,000 warrants
  • Mr. Vishal Maniar: 25,00,000 warrants
  • Ms. Payal Maniar: 12,00,000 warrants
  • Mr. Jasbir Singh Batra: 5,00,000 warrants
  • Mr. Ranjit Singh Batra: 5,00,000 warrants
  • Mr. Gurminder Kaur: 4,00,000 warrants
  • Jasbir Singh And Sons HUF: 4,00,000 warrants
  • Mr. Sarabdeep Kaur Darshan Singh: 4,00,000 warrants
  • Ranjit Singh and Sons HUF: 4,00,000 warrants
  • Multiplex Capital Limited: 3,50,000 warrants
  • Mr. Hiren Hiralal Shiyal: 22,50,000 warrants
  • Mr. B A Abdul Nasir: 22,50,000 warrants
  • Mr. Soofikhan Kalander Asif: 22,50,000 warrants
  • Mr. B H Rizwan: 22,50,000 warrants

Terms of Conversion

Each Convertible Warrant carries the right to subscribe to one fully paid-up Equity Share of face value Re. 1/- each upon payment of the balance 75% of the issue price. The conversion right can be exercised at any time within 18 (Eighteen) months from the date of allotment.

Payment Terms

The allotment was made upon receipt of 25% of the issue price as upfront subscription amount, which is Rs. 5.88 per Warrant. The balance 75% of the issue price must be paid upon conversion.

Lock-in Requirements

The Convertible Warrants and the Equity Shares arising upon conversion are subject to the lock-in requirements specified under Chapter V of the SEBI ICDR Regulations.

Consequences of Non-Conversion

If the Warrant Holder does not exercise the conversion option within the stipulated 18-month period, the Warrants shall lapse and the amount already paid (25% upfront) shall stand forfeited in accordance with SEBI ICDR Regulations and the terms of issue.

Authorized Signatory

The disclosure is signed by Mehaboobsab Mahmadgous Chalyal, Company Secretary & Compliance Officer (Membership No.: A67502) of Mukka Proteins Limited.