Board Meeting Details

The Board of Directors meeting was held on 27th August, 2026, commencing at 3:00 p.m. and concluding at 3:20 p.m.

Key Approval

The Board approved the preferential allotment of 26,42,400 convertible warrants at a price of ₹104 per warrant. Each warrant is convertible into one equity share of face value ₹5.00 each.

Conversion Terms

The warrants are convertible into equity shares at any time during the period of 18 months from the date of allotment, on such other terms and conditions as applicable.

Allottee Details

The warrants were allotted to 33 investors comprising both Promoters and Non-Promoters:

  • Subodh Lohia: 600,000 warrants
  • Venturex Fund I Swastika Investmart Limited: 336,800 warrants
  • Vimal Kishore Parwal HUF: 153,600 warrants
  • Vijit Shares and Commodities Private Limited: 100,000 warrants
  • Manoj Mittal: 100,000 warrants
  • Aptrans Portfolio Private Limited: 100,000 warrants
  • Vikas Arora: 100,000 warrants
  • Taru Lalitkumar Gandhi: 100,000 warrants
  • Nilesh Damani: 100,000 warrants
  • Sanghvi Cylinders Private Limited: 80,000 warrants
  • Sanjay Bansal: 75,200 warrants
  • Sunil Gupta: 50,400 warrants
  • Shrenik Sanjay Kaswa: 50,400 warrants
  • Poonam Agarwal: 50,400 warrants
  • Radhika Soni: 50,400 warrants
  • Sanjay Kanubhai Patel: 50,400 warrants
  • Sandeep Kumar Jain: 36,000 warrants
  • Model Commercial Private Limited: 32,000 warrants
  • Sanyami Kunal Doshi: 25,600 warrants
  • Amit Kishor Waghela: 25,600 warrants
  • Kaushik Kumar Sarawgi: 25,600 warrants
  • Dee Dee Vanijya Private Limited: 25,600 warrants
  • M Divya: 25,600 warrants
  • Shweta Jain: 25,600 warrants
  • Alpi Parwal: 25,600 warrants
  • Pradeep Nimani: 25,600 warrants
  • Anjana Devi Porwal: 12,000 warrants
  • Meenu Chechani: 12,000 warrants
  • Shreegopal Brijgopal Jaju: 12,000 warrants
  • Neeta Parwal: 12,000 warrants
  • Gaurav Agarwal: 12,000 warrants
  • Shruti Lohiya: 12,000 warrants

Subscription and Payment Details

The issue was fully subscribed. An amount equivalent to 25% of the issue price (₹104 per warrant) was received from the investors before the allotment.

Pricing Compliance

The price of ₹104 per warrant was computed in accordance with the provisions of Regulation 164 of Chapter V of the SEBI (ICDR) Regulations, 2018, as amended.

Future Intimation

The Company shall intimate the Exchange at the time of conversion of warrants into equity shares or on lapse of the tenure of the instrument.

Shareholder Approval

Subject to approval of shareholders of the Company.