Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting - Warrant Conversion
Audit Opinion:
Not Specified
Key Financial Highlights:
Standalone Results:
Not Specified
Consolidated Results:
Not Specified
Segment-wise Performance:
Not Specified
Corporate Actions:
The Board approved conversion of 2,25,000 warrants into 2,25,000 Equity Shares of face value of ₹10 each
Conversion was exercised out of total 35,32,500 warrants issued and allotted on April 10, 2025 on preferential basis
Issue price: ₹44 per Equity Share (₹11 paid upon application, ₹33 balance paid upon conversion)
Paid-up capital increased from ₹19,59,07,140 (1,95,90,714 shares) to ₹19,81,57,140 (1,98,15,714 shares)
New equity shares rank pari passu with existing equity shares
Ownership Changes:
Pre-issue Shareholding:
Anuj Mundhra: 44,53,127 shares (22.73%)
Post-issue Shareholding:
Anuj Mundhra: 46,78,127 shares (23.61%) after conversion of 2,25,000 warrants
Warrant Terms:
Warrants allotted on April 10, 2025
25% of total consideration (₹11 per warrant) paid upon application
75% balance (₹33 per equity share) payable upon conversion
Warrants exercisable in one or more tranches within 18 months from allotment date
Unexercised warrants lapse after 18 months, with paid amount forfeited by company
Other Significant Information:
Conversion executed by promoter Anuj Mundhra
Total warrants held by Anuj Mundhra: 10,00,000
Number converted: 2,25,000
Remaining warrants: 7,75,000