Key Decision
Board of Directors approved the allotment of 13,01,000 (Thirteen Lakh One Thousand) Convertible Warrants to non-promoters on preferential allotment basis.
Transaction Details
- Instrument: Convertible Warrants
- Face Value: ₹10 each
- Issue Price: ₹674.49 per warrant (₹10 face value + ₹664.49 premium)
- Total Premium Amount: ₹87,75,11,490 (Eighty Seven Crore Seventy Five Lakh Eleven Thousand Four Hundred and Ninety)
- Subscription Amount Received: ₹21,93,77,872.50 (Twenty One Crore Ninety Three Lakh Seventy Seven Thousand Eight Hundred Seventy Two and Fifty Paise)
- Payment Terms: 25% of issue price paid on allotment (₹168.6225 per warrant)
- Number of Investors: 2
Allottee Details
| Sr. No. | Name of Allottee | Category | Number of Warrants Allotted |
| 1 | Nova Global Opportunities Fund PCC- Touchstone | Non-Promoter | 6,50,500 |
| 2 | Zeal Global Opportunities Fund | Non-Promoter | 6,50,500 |
| Total | | | 13,01,000 |
Conversion Terms
- Conversion Right: Each warrant entitles holder to subscribe to one equity share of face value ₹10
- Exercise Price: ₹505.8675 per equity share
- Final Conversion Date: December 2, 2027 (within 18 months from allotment date)
- Lapse Date: Any outstanding warrants not exercised by December 3, 2027 shall lapse
Meeting Details
- Date: Wednesday, June 3, 2026
- Conclusion Time: 3:50 PM