Sun Retail Limited announced the outcome of its Board of Directors meeting held on November 06, 2026, which commenced at 03:45 PM and concluded at 04:15 PM at the company's registered office.
The Board approved the allotment of 12,92,03,800 (Twelve Crore Ninety-Two Lakh Three Thousand Eight Hundred) Fully Convertible Equity Warrants on a preferential basis. This allotment was made to a single allottee, Venece Merchandise Private Limited, which falls under the category of "Public - Non-Institutional - Body Corporate".
The warrants were issued at an issue price of ₹1.00 per warrant and represent the third tranche of such allotment. This action was taken pursuant to a Special Resolution passed by the company's members in an Annual General Meeting (including Remote E-Voting) held on September 30, 2026, and following the "In-principle Approval" granted by the BSE on October 23, 2026.
The company has received 25% of the consideration amount from the allottee as required under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Since only warrants have been allotted at this stage, there is currently no change in the paid-up share capital of the company.
Each warrant is convertible into one fully paid-up equity share of face value Re. 1/- each of the company at the option of the allottee, within a maximum period of 18 months from the date of allotment (November 06, 2026). The balance 75% of the warrant issue price is payable upon exercise of the conversion option.
According to Annexure I(B), pre-issue shareholding of Venece Merchandise Private Limited was 0 shares (0% of share capital). Post-allotment of warrants and assuming full conversion into equity shares, the allottee would hold 12,92,03,800 equity shares, representing 20.67% of the post-issue share capital. This percentage calculation assumes the full allotment of 46,98,32,000 warrants and their consequent conversion into equity shares.
The disclosure is made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular dated January 30, 2026.