Board Meeting Details

The Board of Directors meeting was held on Thursday, August 20, 2026, commencing at 12:00 Noon and concluding at 5:30 PM.

Main Business Approved

The Board approved the issuance of 28,23,800 (Twenty-Eight Lakhs Twenty-Three Thousand Eight Hundred) Fully Convertible Warrants on a preferential basis.

Warrant Details

  • Each warrant convertible into one fully paid-up equity share of face value ₹10
  • Issue price: ₹70 per warrant
  • Total issue size: ₹19,76,66,000 (Rupees Nineteen Crore Seventy-Six Lakhs Sixty-Six Thousand Only)
  • Maximum conversion period: 18 months from date of allotment
  • Conversion at option of allottees

Payment Terms

  • Minimum 25% of warrant issue price payable upfront with application
  • Balance 75% payable upon exercise of conversion option

Investor Allocation

| Investor Name | Category | Number of Warrants | Total Consideration (₹) |

| Mahendra Bindal | Promoter | 3,93,450 | 2,75,41,500 |

| Mayank Bindal | Promoter | 3,93,450 | 2,75,41,500 |

| Deep Shikha Bindal | Promoter | 3,93,450 | 2,75,41,500 |

| Saloni Bindal | Promoter | 3,93,450 | 2,75,41,500 |

| Aumit Capital Advisors Limited | Non-Promoter | 12,50,000 | 8,75,00,000 |

| Total | | 28,23,800 | 19,76,66,000 |

Shareholding Pattern Impact (Post Full Conversion)

| Investor | Pre-Issue Shares | Pre-Issue % | Post-Issue Shares | Post-Issue % |

| Mahendra Bindal | 10,15,050 | 10.49% | 14,08,500 | 11.27% |

| Mayank Bindal | 25,84,800 | 26.71% | 29,78,250 | 23.83% |

| Deep Shikha Bindal | 3,73,950 | 3.86% | 7,67,400 | 6.14% |

| Saloni Bindal | 7,47,900 | 7.73% | 11,41,350 | 9.13% |

| Aumit Capital Advisors Limited | 0 | 0.00% | 12,50,000 | 10.00% |

Additional Details

  • The number of equity shares allotted on exercise may be subject to appropriate adjustments as permitted under applicable rules and regulations
  • Any conversion or lapse of warrants will be intimated to the stock exchange subsequently
  • No cancellation or termination of the proposal is applicable