Board Meeting Details

The Board meeting was held on 5th November 2026 at 01:35 PM at 208 A2 24, Laram Centre, S V Road, Andheri (West) 400058, Mumbai, Maharashtra. The meeting concluded at 02:15 PM.

Agenda Items Approved

1. Financial Results Approval: The Board approved the Standalone and Consolidated Unaudited Financial Results for the Second Quarter and Half Year ended on 30th September 2026 as per Regulation 33 of the SEBI (LODR) Regulations, 2015 along with Limited Review Report. No specific financial figures were disclosed in this filing.

2. Warrant Conversion and Share Allotment: The Board approved the conversion of 77,05,000 warrants into 77,05,000 Equity Shares of face value ₹2 each through preferential allotment. The conversion was exercised by 25 allottees who had previously been allotted warrants.

Warrant Conversion Details

  • Total Securities Issued: 77,05,000 Equity Shares
  • Type of Issuance: Preferential Allotment
  • Issue Price: ₹8.40 per Equity Share (Eight Rupees Forty Paisa only)
  • Payment Structure: 25% of total consideration (₹2.10 per warrant) was received at the time of warrant allotment. The balance 75% (₹6.30 per Equity Share) was received upon conversion.
  • Conversion Rights: Warrant holders could exercise conversion rights in one or more tranches within 18 months from the date of warrant allotment.
  • Lapse Provision: Unexercised warrants after 18 months would lapse, and the amount paid on such warrants would be forfeited by the Company.

Allottee Details

The 77,05,000 Equity Shares were allotted to 25 allottees with the following post-allotment holdings:

  • Naina Singh: 13,00,000 shares (0.51%)
  • Vatsal Pragnesh Doshi: 10,00,000 shares (0.40%)
  • Meenaben Mukeshbhai Somani: 10,00,000 shares (0.40%)
  • Doshi Alka Pragnesh: 5,00,000 shares (0.20%)
  • Ashokkumar Bansilal Kanjani: 5,00,000 shares (0.20%)
  • Hemaben Mukeshbhai Solanki: 45,000 shares (0.02%)
  • Masum Subhash Ravani: 1,00,000 shares (0.04%)
  • Nishant Prafulbhai Kothari: 1,00,000 shares (0.04%)
  • Rajesh Dhirajlal Mehta: 2,00,000 shares (0.08%)
  • Saurabh Luniya: 3,20,000 shares (0.13%)
  • Ranjanben Rameshchandra Patel: 1,20,000 shares (0.05%)
  • Sangitaben Ketan Patel: 1,20,000 shares (0.05%)
  • Ketan Rameshchandra Patel HUF: 1,20,000 shares (0.05%)
  • Ketan Rameshchandra Patel: 1,20,000 shares (0.05%)
  • Mitshu Ketan Patel: 1,20,000 shares (0.05%)
  • Bhavika Ritesh Bhimani: 1,20,000 shares (0.05%)
  • Jeel Ketan Patel: 1,20,000 shares (0.05%)
  • Amisha Ashishkumar Patel: 1,20,000 shares (0.05%)
  • Ashish Rameshchandra Patel: 1,20,000 shares (0.05%)
  • Ashish Rameshchandra Patel HUF: 1,20,000 shares (0.05%)
  • Indramal Vanechand Shah: 2,00,000 shares (0.08%)
  • Shah Mahi Hareshbhai: 3,20,000 shares (0.13%)
  • Nishi Chetanbhai Vora: 3,20,000 shares (0.13%)
  • Hetal Prakash Gada: 3,00,000 shares (0.12%)
  • Shantilal Popatlal Gada: 3,00,000 shares (0.12%)

All allottees had zero shareholding prior to this conversion.

Capital Structure Impact

  • Post-Allotment Capital: The Issued, Subscribed and Paid-up Equity Share Capital of the Company increased to ₹50,54,33,112
  • Total Shares: 25,27,16,556 fully paid-up Equity Shares of ₹2 each
  • Share Ranking: The new equity shares rank pari-passu with existing equity shares of the Company