Board Meeting Details

The Board of Directors meeting was held on Saturday, October 24, 2026 at the Registered Office of the Company. The meeting commenced at 05:30 PM and concluded at 10:00 PM.

Key Decisions Approved

1. Preferential Issuance of Equity Shares

  • Issuance of up to 2,58,89,023 (Two Crore Fifty-Eight Lakh Eighty-Nine Thousand Twenty-Three) fully paid-up Equity Shares
  • Face value: ₹10 per share
  • Issue price: ₹142.44 per Equity Share (comprising face value of ₹10 and premium of ₹132.44)
  • Total consideration: ₹368.76 crore (₹3,68,76,32,436)
  • Issued to shareholders (Promoters & Non-Promoters) of Popees Baby Care Products Limited (PBCPL)
  • Consideration: Non-cash, by way of share swap arrangement
  • Subject to shareholder approval at General Meeting and other required approvals

2. Preferential Issuance of Convertible Warrants

  • Issue of up to 98,31,758 (Ninety-Eight Lakh Thirty-One Thousand Seven Hundred and Fifty-Eight) fully convertible Warrants
  • Issue price: ₹142.44 per warrant
  • Total consideration: ₹140.04 crore (₹140,04,35,610)
  • Issued to shareholders (Promoters & Non-Promoters) of Popees Baby Care Products Limited (PBCPL)
  • Warrants convertible into equity shares within 18 months from date of allotment
  • Consideration: Non-cash, by way of share swap arrangement
  • Subject to shareholder approval at General Meeting and other required approvals

3. Relevant Date

The company has fixed Wednesday, November 11, 2026 as Relevant Date for the Preferential Issue.

4. EGM Notice

  • 01st Extraordinary General Meeting for Financial Year 2026-27
  • Scheduled: Saturday, December 12, 2026 at 12:00 PM
  • Mode: Video conferencing/other audio-visual means

5. Appointments

  • CS Liya Antony (M. No. 39611, CP No. 19314), Practising Company Secretary, Proprietor of M/s. Liya & Associates appointed as Scrutinizer
  • NSDL appointed as the e-voting facilitator

Allottee Details

Equity Share Allottees (FY 2026-27)

  • Total 198 allottees
  • Major allottees:
  • Shaju Thomas: 1,38,27,465 shares (₹196.96 crore)
  • Linta Purayidathil Jose: 27,32,516 shares (₹38.92 crore)
  • Pure Capital: 8,97,000 shares (₹127.77 crore)
  • Vijay Kumar Pahwa: 3,25,000 shares (₹46.29 crore)
  • Sridhar P Iyer: 6,76,542 shares (₹96.37 crore)

Convertible Warrant Allottees (FY 2027-28)

  • Total 81 allottees
  • Major allottees:
  • Shaju Thomas: 72,75,546 warrants (₹103.63 crore)
  • Linta Purayidathil Jose: 7,88,455 warrants (₹11.23 crore)
  • Tejaswini Bande: 62,400 warrants (₹88.88 lakh)

Shareholding Pattern Impact

Pre-Issue Capital Structure

  • Total pre-issue shareholding: 85,32,870 shares
  • Shaju Thomas: 40,42,490 shares (47.42%)
  • Linta Purayidathil Jose: 13,60,320 shares (15.96%)

Post-Equity Issuance (FY 2026-27)

  • Total shares post-issue: 3,43,21,893 shares
  • Shaju Thomas: 1,78,69,955 shares (51.93%)
  • Linta Purayidathil Jose: 40,92,836 shares (11.89%)

Post-Warrant Conversion (FY 2027-28)

  • Total shares post-full conversion: 4,41,53,651 shares
  • Shaju Thomas: 2,51,45,501 shares (56.83%)
  • Linta Purayidathil Jose: 48,81,291 shares (11.03%)