Key Transaction Details

  • Board Meeting Date: 13th July, 2026
  • Decision Approved: Allotment of 6,50,500 Equity Shares of Face Value ₹10 each at a premium of ₹664.49 each
  • Allottee Category: Non-Promoter
  • Allottee Name: Nova Global Opportunities Fund PCC Touchstone
  • Transaction Type: Conversion of Convertible Warrants issued on preferential basis

Historical Context and Approvals

  • Original Warrant Allotment Date: 3rd June, 2026
  • EGM Approval Date: 20th April, 2026
  • BSE In-Principle Approval: Received vide Letter no. LOD/PREF/SS/FIP/248/2026-27 dated 20th May, 2026
  • Regulatory Framework: Chapter V of SEBI (ICDR) Regulations, 2018 and Sections 42, 62 of Companies Act, 2013

Financial Details

  • Total Amount Received: ₹32,90,66,808.75
  • Conversion Price/Exercise Price: ₹505.8675 per warrant
  • Issue Price/Allotted Price: ₹674.49 per share (₹10 face value + ₹664.49 premium)
  • Number of Investors: 1

Capital Structure Impact

  • Pre-allotment Paid-up Capital: ₹9,74,85,000 consisting of 97,48,500 Equity Shares of ₹10 each
  • Post-allotment Paid-up Capital: ₹10,39,90,000 consisting of 1,03,99,000 Equity Shares of ₹10 each
  • Capital Increase: ₹65,05,000

Meeting Details

  • Board Meeting Concluded: 04:30 p.m. on 13th July, 2026