The Board considered and approved the following agenda item:
Call Notice to Warrant Holders: The Board approved the proposal to call upon the remaining warrant holders for payment of the balance 75% of the issue price in respect of convertible share warrants allotted by the Company on 18th March, 2026.
Background Details:
- The company had allotted convertible share warrants on a preferential basis on 18th March, 2026.
- At the time of allotment, the company received 25% of the issue price, with the balance 75% remaining outstanding.
- 2,499,999 (Twenty Four Lakh Ninety Nine Thousand Nine Hundred Ninety Nine) warrants allotted to two warrant holders were already converted into equity shares on 2nd July, 2026.
- The remaining three warrant holders hold 4,749,999 (Forty Seven Lakh Forty Nine Thousand Nine Hundred Ninety Nine) warrants that are still outstanding.
Action Required: The company will now call upon these three remaining warrant holders to pay the balance 75% of the issue price in accordance with the terms of the issue for conversion of these warrants into fully paid-up equity shares.
Regulatory Compliance: The disclosure is made under Regulation 30 of SEBI Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Financial Impact: The specific monetary amount of the balance 75% payment due was not quantified in the disclosure.
Document Authentication: The disclosure was digitally signed by Radhika Sood, Company Secretary & Compliance Officer (Mem. No.: A80105) on September 01, 2026 at 17:49:20.