Summary of Key Information:

Security Code: 544386

Reporting Period: Not Applicable

Nature of Filing / Announcement: Preferential Issue of Equity Shares and Warrants

Audit Opinion:

Not Specified

Key Financial Highlights:

Not Specified - Announcement pertains to capital raising only

Corporate Actions:

Preferential Issue Approval:

The Board approved the issuance of:

  • Up to 13,73,625 equity shares of face value ₹10 each at ₹2,002 per share (including premium of ₹1,992)
  • Total equity issue size: ₹274,99,97,250 (Two Hundred Seventy-Four Crore Ninety-Nine Lakh Ninety-Seven Thousand Two Hundred Fifty)
  • Up to 2,49,750 convertible warrants at ₹2,002 per warrant
  • Total warrant issue size: ₹49,99,99,500 (Forty Nine Crore Ninety Nine Lakh Ninety Nine Thousand Five Hundred)
  • Warrant terms: 25% upfront payment (₹500.50 per warrant), balance 75% (₹1,501.50) payable at conversion
  • Conversion period: Maximum 18 months from allotment date
  • Conversion terms: Each warrant convertible into 1 equity share of ₹10 face value at premium of ₹1,992

Allottee Details:

1. Valuequest India Inflexion Fund (Category III AIF): 3,74,625 equity shares (₹74,99,99,250)

2. Minosha India Limited: 2,49,750 equity shares (₹49,99,99,500)

3. HDFC Mutual Fund - HDFC Innovation Fund: 1,24,875 equity shares (₹24,99,99,750)

4. HDFC Mutual Fund - HDFC Manufacturing Fund: 4,99,500 equity shares (₹99,99,99,000)

5. HDFC Mutual Fund - HDFC Value Fund: 1,24,875 equity shares (₹24,99,99,750)

6. Mr. Deepak Suresh Chaudhari (Promoter): 2,49,750 warrants (₹49,99,99,500)

Post-Allotment Shareholding Pattern (Projected):

  • Valuequest India Inflexion Fund: 3,74,625 shares (2.16%)
  • Minosha India Limited: 2,49,750 shares (1.44%)
  • HDFC Innovation Fund: 1,24,875 shares (0.72%)
  • HDFC Manufacturing Fund: 4,99,500 shares (2.88%)
  • HDFC Value Fund: 1,24,875 shares (0.72%)
  • Mr. Deepak Suresh Chaudhari: 85,86,725 shares (49.53% on fully diluted basis)

Other Significant Information:

  • Floor price determined in accordance with SEBI ICDR Regulations
  • Warrants may be converted in one or more tranches at option of subscriber
  • Unconverted warrants after 18 months shall lapse with forfeiture of amount paid
  • Detailed disclosures enclosed as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026