Board Meeting Details
- Meeting Date: 16th July, 2026 (Thursday)
- Timing: 4:00 PM to 4:30 PM
- Authority: Based on special resolution passed in Extra Ordinary General Meeting on 25th March, 2026 under Sections 62 and 42 of Companies Act, 2013
- Regulatory Approval: In-Principal approval received from BSE Ltd dated 1st July, 2026
Allotment Details
- Instrument: Convertible Share Warrants
- Total Quantity: 23,25,582 (Twenty Three Lakh Twenty Five Thousand Five Hundred Eighty Two) warrants
- Face Value: ₹10 each
- Issue Price: ₹172 per warrant
- Total Issue Value: ₹40,00,00,104 (Forty Crore One Hundred Four Rupees)
- Amount Received: ₹10,40,74,669 (Ten Crore Forty Lakh Seventy Four Thousand Six Hundred Sixty Nine Rupees), representing more than 26% of total consideration
- Conversion Terms: 1 warrant = 1 equity share of face value ₹10 each
- Conversion Period: Within 18 months from date of allotment, exercisable in one or more tranches
- Lapse Condition: Warrants shall lapse if not converted within stipulated period
Allottee Details
| Sr No | Name of Allottee | Category | Warrants Allotted | Pre-Issue Holding | Post-Conversion Holding |
| 1 | Khushboo Jain | Promoter | 4,65,000 | 11,83,000 shares (29.07%) | 16,48,000 shares (21.96%) |
| 2 | Aneka LLC | Promoter | 3,70,195 | 0 shares (0.00%) | 3,70,195 shares (4.93%) |
| 3 | Trinity Gate LLC | Non-Promoter | 14,90,387 | 0 shares (0.00%) | 14,90,387 shares (19.86%) |
| Total | | | 23,25,582 | | |
Pricing Compliance
The issue price of ₹172 per warrant is not lower than the floor price determined in accordance with Regulation 164 of Chapter V of SEBI ICDR Regulations, 2018.
Capital Structure Impact
Assuming full conversion of all warrants:
- Total additional equity shares: 23,25,582
- Post-conversion promoter holding (Khushboo Jain + Aneka LLC): 20,18,195 shares (26.89%)
- Non-promoter holding (Trinity Gate LLC): 14,90,387 shares (19.86%)