1. Allotment of Preferential Warrants to Promoter Entity

Pursuant to shareholder approval and receipt of requisite statutory and regulatory approvals, including in-principle approvals from the Stock Exchanges, the Allotment Committee of Pennar Industries Limited approved the allotment of 30,00,000 (Thirty Lakh) Convertible Equity Warrants on a preferential basis to Pennar Holdings Private Limited, a Promoter entity.

The warrants were allotted at an issue price of ₹168 per warrant, aggregating to ₹50.40 crore (Rupees Fifty Crores Forty Lakhs Only). The company received 25% of the warrant issue price aggregating to ₹12.60 crore (Rupees Twelve Crore Sixty Lakhs Only) at the time of allotment, in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Each Convertible Equity Warrant will be convertible into 1 (one) fully paid-up equity share of the company of face value of ₹5 (Indian Rupee Five). The conversion may be exercised in one or more tranches during a period of 18 (Eighteen) months commencing from the date of allotment of Convertible Equity Warrants. The fully paid-up equity shares will be allotted upon receipt of the balance 75% of the issue price for each warrant.

Pursuant to this allotment of warrants, there is presently no change in the paid-up share capital of the company.

Details of Allotment:

  • Name of Allottee: Pennar Holdings Private Limited
  • Category: Promoter
  • Application Money Received: ₹12,60,00,000
  • Number of Convertible Warrants Allotted: 30,00,000

2. Creation of Pledge by Promoter

The company received information from Mr. Aditya Rao, Promoter of the company, regarding the creation of a pledge over a portion of his shareholding.

Pledge Details:

  • Promoter: Aditya Narsing Rao
  • Total Promoter Holding: 90,01,133 shares (6.67% of total share capital)
  • Previously Encumbered: Nil shares
  • Event Type: Creation of Pledge
  • Date of Creation: 17th June, 2026
  • Type of Encumbrance: Pledge
  • Reason for Encumbrance: Personal borrowing
  • Number of Shares Pledged: 31,73,000
  • Percentage of Total Share Capital: 2.35%
  • Entity in Whose Favor: Bajaj Finance Limited

3. Promoter Group Holding Details as on 19th June, 2026

The combined promoter group holding totals 4,45,31,367 shares, representing 33.01% of the total paid-up capital. Out of this, 15,00,000 shares are encumbered (1.11% of total paid-up capital).

Detailed Promoter Group Holdings:

  • Pennar Holdings Private Limited: 2,10,05,455 shares (15.57%) with 15,00,000 shares encumbered (1.11%)
  • J Rajyalakshmi: 69,33,038 shares (5.14%) with 0 encumbered
  • Joginpally Nrupender Rao: 60,10,786 shares (4.45%) with 0 encumbered
  • Avanti Rao: 23,97,951 shares (1.78%) with 0 encumbered
  • Danapuneni Sudeepta Rao: 18,61,054 shares (1.38%) with 0 encumbered
  • Jayanthi Puljal: 17,91,751 shares (1.33%) with 0 encumbered
  • Bhavana Puljal: 16,94,027 shares (1.26%) with 0 encumbered
  • Kalpana Puljal: 17,50,091 shares (1.30%) with 0 encumbered
  • Other smaller holdings totaling 1.6% with 0 encumbered