Transaction Details

The Board of Directors of Sangam (India) Limited, through a resolution passed by circulation dated 11th September, 2026, has allotted 18,00,000 (Eighteen Lakh) warrants convertible into equal number of Equity Shares of ₹10 each.

Pricing and Financials

  • Issue Price: ₹555.56 per warrant
  • Total Issue Size: ₹100,00,08,000 (One Hundred Crore and Eight Thousand Only)
  • Upfront Payment Received: 25% of warrant issue price amounting to ₹138.89 per warrant
  • Total Upfront Amount: ₹25,00,02,000 (Twenty-Five Crore Two Thousand Only)
  • Balance Payment: 75% of issue price amounting to ₹416.67 per warrant payable upon conversion

Allottee Details

The warrants were allotted to the following promoter/promoter group entities:

1. Mr. Pranal Modani (Promoter) - 1,50,000 warrants

2. Mr. Vinod Kumar Sodani (Promoter) - 1,50,000 warrants

3. Ms. Antima Soni (Promoter) - 1,00,000 warrants

4. Ms. Anjana Soni Thakur (Promoter) - 1,00,000 warrants

5. Ms. Krippie Soni (Promoter Group) - 2,00,000 warrants

6. Sangam E-com Limited (Promoter Group) - 6,00,000 warrants

7. Nidhi Mercantiles Limited (Promoter Group) - 5,00,000 warrants

Total: 18,00,000 warrants to 7 allottees

Conversion Terms

  • Warrants are convertible into 1 fully paid-up Equity Share of ₹10 each per warrant
  • Conversion period: Maximum 18 months from date of allotment (on or before 10th March, 2028)
  • Conversion can be done in one or more tranches
  • Unconverted warrants after 18 months will lapse and upfront payment will be forfeited

Shareholding Impact

Current share capital (pre-allotment): 5,02,46,559 equity shares

Post full conversion impact (on fully diluted basis):

  • Promoter/Promoter Group: Increases from 3,54,31,638 shares (70.52%) to 3,72,31,638 shares (71.54%)
  • Public: Decreases from 1,38,78,378 shares (27.62%) to 1,38,78,378 shares (26.67%)
  • Non-Promoter Non-Public: Decreases from 9,36,543 shares (1.86%) to 9,36,543 shares (1.80%)
  • Total shares: Increases to 5,20,46,559 shares

Important Notes

The warrants do not form part of the issued, subscribed and paid-up equity share capital until conversion. The post-preferential shareholding has been calculated assuming full conversion of all 18,00,000 warrants.

Approvals and Compliance

  • Shareholder approval obtained at Extra-Ordinary General Meeting held on 12th August, 2026
  • In-principle approvals received from NSE and BSE dated 7th September, 2026
  • Filed pursuant to SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026

#Tags: #SangamIndia #PreferentialAllotment #Regulation30 #SEBIDisclosure #Fundraising #Neutral