Shri Gang Industries Preferential Allotment 25.58 Lakh Shares

Key Quantitative Figures

• Warrant Conversion: 1,34,680 equity shares allotted at ₹99 per share (total ₹1,33,33,320) to promoter Varun Gupta
• CCPS Conversion: 11,24,375 equity shares allotted at ₹76 per share to Sarvashaktiman Traders Private Limited
• Capital Increase: Paid-up equity capital increased from ₹20,11,46,800 to ₹21,23,90,550
• Share Count: Total equity shares increased from 2,01,14,680 to 2,12,39,055 shares of ₹10 face value each

Dates of Action

• Meeting Date: June 06, 2026 (Saturday)
• Meeting Time: 12:45 PM to 1:45 PM
• Original Warrant Allotment Date: November 11, 2025

Parties Involved

• Allottees:
• Varun Gupta (Promoter & Promoter Group category)
• Sarvashaktiman Traders Private Limited (Public category)
• Committee: Preferential Issue Committee of the Board of Directors

Capital Structure Impact

• Post-warrant conversion capital: ₹20,11,46,800 (2,01,14,680 shares)
• Post-CCPS conversion capital: ₹21,23,90,550 (2,12,39,055 shares)
• Total dilution: 11,24,375 new shares (5.59% increase from pre-CCPS conversion base)

Transaction Details

• Warrant Conversion: Private placement basis, preferential allotment
• CCPS Conversion: 0.01% Compulsorily Convertible Preference Shares converted at fixed price of ₹76 per share
• Both transactions executed on private placement basis

Financial Impact

Capital infusion of approximately ₹9.58 crore (₹1.33 crore from warrant conversion + ₹8.25 crore implied from CCPS conversion at ₹76 per share for 11,24,375 shares).